Alumasc has announced that it has experienced a slower than expected third quarter performance, both in terms of revenue and order intake.
The company has said that a combination of factors has affected this quarter:
This being said, areas where Alumasc’s products and systems are sold via building distribution channels continue to perform well.
The board has forecast that the group revenues for the year ending 30 June 2018 will be 4-5% below previous expectations, with a consequential reduction in previously expected underlying profit before tax of around 15%.
Furthermore, the level of specifications and the value of pre-order pipelines remain strong across the group.
The Board continues to have confidence in the future growth prospects of the group, nonetheless, with hope for:
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