UK 18:40 Friday, 18 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Describing itself as “a leading specialist manufacturer and distributor of steel panel and design radiators in the UK, Europe and Turkey”, Stelrad Group (SRAD) has issued an “AGM Trading Update” commencing that “despite ongoing subdued market demand impacting volumes, Stelrad’s trading in 2026 to date is in line with management expectations and the group’s full year outlook is unchanged from that given at the full year results on 13 March 2026” and also including that it “is well placed to manage challenges that may arise due to the current events in the Middle East without disruption to margins or the ability to continue to supply our customers”. So what about a current slightly lower, at 134p, share price in response?
Most recently on radiators group Stelrad (SRAD), in January with the shares up to 145p I reviewed when’s its market recovery actually going to arrive and concluded, at least ahead of 13th March-scheduled results detail, still avoid. What about now those results, and the shares currently further lower at around 130p in response?
Radiators manufacturer and distributor Stelrad (SRAD) has issued a “Full Year Trading Update” headlined “Further growth in operating profit and contribution per radiator”. What about the shares currently up to 145p in response but still down from above 170p as recently as November?
Most recently writing on group describing itself as “a leading specialist manufacturer and distributor of steel panel and other designer radiators in the UK, Europe and Turkey” Stelrad (SRAD), in May with the shares rising above 140p I concluded that the appointment of a joint corporate broker and its ‘in line’ with continues to expect softness in market conditions for the first half of 2025 at least suggested to retain caution. The shares most recently closed at 169.5p but what about them currently falling back to 150p on a “Trading Update”?
Describing itself as “a leading specialist manufacturer and distributor of steel panel and design radiators in the UK, Europe and Turkey”, Stelrad Group (SRAD) has now followed an “AGM Trading Update” with an “Appointment of Joint Corporate Broker” and what of the shares having currently responded up to 144p, to give a £183.4 market capitalisation?
Most recently on company describing itself as “a leading specialist manufacturer and distributor of steel panel and other designer radiators in the UK, Europe and Turkey” Stelrad Group (SRAD), in January with the shares around 140p I wrote ‘argues “another year of strong growth in profitability”. Er, what about in earnings per share?’, concluding I continued to await evidence of commenced material demand recovery. The shares most recently closed at 139.5p and what about them currently down towards 130p on the back of the company’s 2024 results announcement?
Describing itself as “a leading specialist manufacturer and distributor of steel panel and designer radiators in the UK, Europe and Turkey”, Stelrad Group (SRAD) has issued a “Trading Update” headlined “Strong performance - adjusted operating profit marginally ahead of expectations”. So what of a currently little-changed around 140p share price comparing to above 155p as recently as September?
Previously writing on group describing itself as “a leading specialist manufacturer and distributor of radiators in the UK, Europe and Turkey” Stelrad (SRAD), in May last year with the shares around 117.5p I questioned how ‘pleasing’ and ‘encouraging’ really was the start of its year. The shares went on to fall to below 95p but had recently recovered to around 140p. So what of now first half of 2024 results currently seeing the shares back down to around 135p?
