Mar 14 2025
Industrials
Recent Research
Mincon Group, Model update
Mar 12 2025
Hill & Smith, Strong FY2024 results
Mar 12 2025
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Berkeley Group
Guidance reaffirmed for FY25 and FY26
Berkeley has reaffirmed earnings guidance to deliver ‘at least’ £975m of pre-tax profit across FY25 and FY26. Enquiries are at a ‘consistently good’ level, while the sales rates...
Kingspan Group
Short-term results benefiting from long-term thinking
Kingspan is well set up to deliver another year of progress in 2025. The stock has responded positively to recent results, which pointed to good momentum entering the year. As ever...
Volution
Good earnings upside following impressive interim results
Once again Volution has announced an impressive set of results. The results, which cover the six months to end-January, indicate that the group continues to increase earnings while...
Glenveagh Properties
Confident in another year of high growth
After a year of exceptional profit growth in 2024, the business has significant visibility to deliver a further double-digit growth in EPS in 2025. Glenveagh is not just well positioned in...
Mincon Group
Model update
Our FY25 EBITDA forecasts are unchanged following today’s update to our model. The business is well placed for what, at the moment, is a sustained recovery in its markets, and the...
Hill & Smith
Strong FY2024 results
Hill & Smith has reported FY2024 results that reflect strong growth that is ahead of consensus forecasts, driven by its performance in the US. Under its new CEO, the company is...
Forterra plc
Reasons to be cautiously optimistic
Formal results confirm that while 2024 was another tough year for Forterra, it was nonetheless encouraging that the group’s performance stabilised in the second half. Headline results...
Persimmon plc
FY24 ahead of expectations; FY25 in line
FY24 operating profit is c.4% ahead of guidance provided in January. Sales rate have shown only modest improvement since the start of the year, but FY25 guidance is in line with market...
Genuit Group
H2 2024 stability provides a more positive platform for 2025
Genuit struggled to make progress in 2024 despite the continuing impact of self-help actions that enabled the group’s trading margin to expand for a second successive year. While it is...
Travis Perkins plc
CEO announcement
Travis Perkins (TPK) has immediately begun the search for a new Chief Executive Officer (CEO) after Pete Redfern resigned due to ill health. The group will announce results for 2024...
