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Highlights

  • In the fiscal year 2023, the company’s Housebuilding products segment posted a revenue of GBP 14.7 million, marking a 19% growth from GBP 12.4 million in pcp.
  • For the full year FY23, ALU’s EBITDA margin stood at 17.6% versus the industry median of 15.0%.

FTSE AIM All share listed Alumasc Group PLC (LSE: ALU) is a manufacturer and supplier of sustainable building products, systems, and solutions based in UK. ALU is running its business across three segments, namely Building Envelope, Water Management, and Housebuilding Products.

In the fiscal year 2023, the company’s Housebuilding products segment posted a revenue of GBP 14.7 million, marking a 19% growth from GBP 12.4 million in pcp. Its underlying operating profit saw an increase of approximately 44% to GBP 3.5 million in FY23 versus GBP 2.4 million in FY22.

The Building Envelope segment clocked a revenue of GBP 34.6 million in FY23, around 18% higher from GBP 29.4 million in pcp. Its underlying operating profit rose to GBP 4.1 million from GBP 3.6 million in prior year.

For the full year FY23, ALU’s EBITDA margin stood at 17.6% versus the industry median of 15.0%. The company’s operating margin was recorded at 12.9% in the reported period against the industry median of 10.8%. Furthermore, the net margin of the firm jumped to 9.4% in FY23 against the industry median of 7.1%.

ALU has announced to pay a final dividend of GBX 6.9 per share. Now, the total dividend for FY23 stands at GBX 10.3 per share.

Alumasc is expecting its Water Management segment to reap benefits from the Chek Lap Kok contract as well as the ARP acquisition. According to the company, its lower net bank debt, cost-saving program, growth strategies, liquidity management, and several other factors will allow it to deliver well, meeting expectations.

Top 10 Shareholders

Over 61% of the total shareholdings in the firm are held by its top ten shareholders. While Mc-Call (John Stewart) holds the maximum number of shares with over 12% shareholding, AXA Investment Managers UK Ltd. is the second biggest shareholder in ALU with approximately 9.02% shareholding. 

 

Stock Price Performance

ALU’s stock price has gained 6.45% in the last three months. It has fallen by 10.49% over the last six months. The stock’s 52-week high and low prices stand atGBX 186.00 and GBX 132.00, respectively.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 01 November 2023. The reference data in this report has been partly sourced from EODHD/Others.