Alumasc Outperforms ‘Volatile’ Market in Trading Update

ALUMASC GROUP continues to outperform a ‘volatile’ market in its latest trading update for the first quarter of its financial year ending 30 June 2026.

The sustainable building products, systems and solutions business reports challenging conditions in its core UK residential and commercial markets, with demand in a number of sub-sectors at subdued levels.

However, the Group says it is taking further action to improve operational efficiency, including targeted cost initiatives to mitigate the short-term impact of project delays.

Group Divisions

Alumasc says the Housebuilding Products division, operating under the Timloc brand, continued its positive momentum over the period. Meanwhile, UK revenues within its Water Management and Building Envelope divisions, including Alumasc Roofing, Roofpro and Blackdown, were impacted by delays in larger new build and RMI projects, despite a healthy order book and a growing pipeline of opportunities.

Exports

The Group also reports continued demand in its export markets, with a number of smaller project orders in the period, although overseas sales for the full year are expected to be below the year prior following the shipment of its Hong Kong airport project.

Reporting a strong balance sheet, the Group says it is ‘well positioned’ to benefit from a sustained recovery in UK construction activity. However, the timing and pace of this recovery remains difficult to predict, and consequently the Board says it “prudent to adopt a cautious approach” for the first half of the financial year, as conditions remain uncertain.

Chief Executive Paul Hooper commented: “While short-term macro-economic, fiscal and political headwinds have intensified during the first quarter of this new financial year, we continue to execute our strategy and grow our market share. As previously announced, we expect an H2-weighted performance for FY25/26, and our order book and pipeline remains healthy.

“We have demonstrated resilience throughout this period and continue to take proactive steps to grow our market share, enter adjacent markets, and reduce cost and improve efficiency, which will serve the Group well both now and in the future.

“Alumasc’s medium-term outlook remains very positive, and we remain well positioned to benefit significantly when the market recovers.”

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