Alumasc, the Kettering-based sustainable building products supplier, has reported a strong performance for the year ended 30 June 2024. Revenue grew by 13% to £100.7m, up from £89.1m the previous year. Additionally, the firm achieved an underlying pre-tax profit of £13m, a 16.1% increase from £11.2m last year, surpassing expectations.
Looking ahead, Alumasc indicated a clear vision for its growth plans, highlighting its capacity to invest and the opportunity to deliver substantial shareholder value. Despite ongoing demand challenges in commercial markets, the company remains optimistic due to improving indicators such as easing planning restrictions, rising consumer confidence, and a positive interest rate outlook. This suggests a more favorable trading environment in the future.
CEO Paul Hooper commented on the results, expressing satisfaction with the upgraded profit and strong performance across all three divisions. He emphasized Alumasc’s strategic focus on providing sustainable products to address climate change, positioning the company as a market leader in the construction industry. The recent acquisition of ARP Group has also brought synergies and opportunities for further growth.
As Alumasc moves forward into 2025, the company remains confident in its ambitious growth plans and ability to deliver significant value to shareholders. The business’s resilience and strategic focus on sustainability continue to drive its success despite challenging market conditions.
