Alumasc, the Kettering-based sustainable building products, systems, and solutions group, has reported a noteworthy outperformance of UK construction markets in its trading update for the year ended 30 June 2024. Despite an overall 2% decline in UK construction activity, the Group expects organic revenue growth to reach approximately 6.5%.
Moreover, underlying profit before tax (UPBT) is projected to be at least £12.6m, surpassing current market forecasts and the prior year’s figure of £11.2m. Chief Executive of Alumasc, Paul Hooper, expressed his satisfaction with the strong performance of the Group in a challenging commercial market environment. He attributed this success to the robust business model and significant progress in achieving strategic objectives.
Looking ahead, Alumasc remains optimistic about its growth strategy, emphasizing environmentally sustainable solutions, new product development, capability investment, and ongoing self-help initiatives. These efforts are expected to drive further growth in returns as market conditions improve.
