Company
Genuit Group PLC
LON:GEN
Genuit Group PLC, previously called Polypipe, was founded in 1980 and is the largest manufacturer in the United Kingdom, and among the ten largest manufacturers in Europe, of plastic pipe systems for the residential, commercial and civil infrastructure sectors by revenue. Polypipe operates from 16 facilities in total, targeting the residential and commercial, civils and infrastructure sectors, offering the widest product range in the United Kingdom. Polypipe primarily targets the UK, French and Irish building and construction markets with a presence in Italy and the Middle East and sales to specific niches in the rest of the world.
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Genuit issues profit warning on the back of third quarter uncertainty
Profit for the year is expected to be at the lower end of the market consensus range of between £96.8mln and £109mln
Genuit confident on full year despite residential 'headwinds'
The company said it is on track to meet its financial expectations for the year and raised its interim dividend to 4.1p per share