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Specialist radiator manufacturer Stelrad Group, has announced its unaudited interim results for the six months ended June 30 2026.
The group reported that adjusted operating profit rose to £16.7 million, an increase of 4.9%, benefitting from the successful delivery of its commercial and operational initiatives, which have enhanced profitability and offset market weakness.
Revenue declined 9.1% to £124.0 million due to a 14.6% decline in sales volumes during the period, including the exit from a loss-making contract, offset in part by selling price benefits.
According to the announcement, the Group is well positioned to continue to deliver in the current market, though, it remains mindful of the continuation of cost inflation and ongoing weakness in its end markets.
Chief executive officer, Trevor Harvey, commented: “During the period, we delivered a strong financial performance against a backdrop of ongoing economic uncertainty suppressing volumes in the Group’s key markets. Crucially, despite this environment, we have maintained our market leadership position and continued to optimise our cost base.
“The Board remains confident in its strategic pillars and in driving continued shareholder value. Our operational excellence initiatives, underpinned by our competitive advantages and market positioning, mean that Stelrad remains well-placed to target market share gains across the geographies in which we operate.”
