Builders Merchants Journal – BMJ Publishing to Builders Merchants and the UK merchanting industry for more than 95 years
With a turnover increase of 12.3% Wavin Group have enjoyed a successful first half of the year, with particularly bullish performances from the hot and cold sector (up 24.8%), cable ducting (up 23.8%) and water management (up 20.2%).
Turnover rose from €734.3m in the same period in 2006 to €824.4m, an increase of 12.3%. Profit performance was more modest with a 0.5% increase to €44.5m.
Ceo Philip Houben said of the results: “Our performance over the first six months of 2007 can only be described as strong. Following an exceptionally positive start of the year, business continued to develop satisfactorily, leading to significant revenue growth and further Ebitda margin expansion.
Assessing the performance of the different parts of the business, he continued, “It is pleasing to see that both business units and all regions contributed to the growth. Particularly our Central and Eastern Europe region performed very strongly with a 35% revenue increase. The Civils & Infrastructure business unit benefited from higher activity levels especially as a result of the mild winter, whereas Building & Installation continued its excellent trend in the hot and cold segment.
