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Mar 8 2024, 07:10 GMT
Stelrad Group plc
Focus on cash management in 2023, estimates maintained for 2024
- Sectors : Building products
- Companies : Stelrad Group plc
DAVY VIEW
Stelrad remains at the tail-end of a lacklustre European residential market. However, the group’s ability to gain market share and a focus on cost management will help to protect its profit base over the short term as we wait for end-markets to lift again. The stock is keenly valued with further support from attractive free cash and dividend yields.
