Announcement 21 February 2017
The Alumasc Group Plc ("Alumasc" or the "Group")
THE ALUMASC GROUP PLC - CONTRACT WINS
Alumasc (ALU.L), the premium building products, systems and solutions group, is pleased to announce that since the publication of its interim results on 31 January 2017, Levolux has secured three contracts to supply bespoke balcony and balustrading systems in the UK. The total value of these new project wins is approximately £5.0 million and will benefit the group's next two financial years.
As a result of these and other new work wins, Alumasc's overall order books have risen to £32.9 million, a new record level. This follows a 17% rise in Alumasc's first half revenues to £50.7 million, well ahead of UK construction market growth.
Paul Hooper, Alumasc's Chief Executive commented:
"The emerging success of Levolux's relatively new balconies business is an exciting development for Alumasc and demonstrates the group's ability to leverage its proven expertise in the design and manufacture of specialist building products into significant new markets. We are pleased with the continued development of the group's overall order books, which supports the Board's expectation for further sustainable growth across our business into the medium term."
Enquiries:
The Alumasc Group plc
Paul Hooper (Chief Executive) 01536 383821
Andrew Magson (Finance Director) 01536 383844
Glenmill Partners Limited
Simon Bloomfield 07771 758514
