Logotype for Stelrad Group PLC

Stelrad Group (SRAD) investor relations material

Stelrad Group H1 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Stelrad Group PLC
H1 2025 earnings summary8 Aug, 2025

Executive summary

  • Revenue declined 4.6% year-over-year to £136.5m due to lower volumes, but adjusted operating profit rose 1.1% to £15.9m, reflecting margin management and operational progress.

  • Statutory loss of £3.4m driven by a £12.0m non-cash impairment at Radiators SpA, with exit from a loss-making contract underway.

  • Market leadership maintained with a 19.9% share (25.4% ex-Russia), holding top positions in several countries.

  • Interim dividend increased by 2% to 3.04p per share, reflecting confidence in future growth.

  • Board expects modest volume improvement in H2 and maintains full-year profit growth guidance.

Financial highlights

  • Adjusted operating profit margin improved to 11.7% (up 0.7ppts year-over-year).

  • EBITDA was £21.8m, with free cash flow at £1.8m and cash flow conversion at 60.5%.

  • Adjusted EPS rose to 6.41p; statutory EPS was a loss of 2.71p.

  • Return on capital employed improved to 26.9% (up 0.5ppts year-over-year).

  • Leverage (net debt before lease liabilities) at 1.48x EBITDA, with net debt at £64.8m.

Outlook and guidance

  • Full-year expectations for adjusted operating profit growth remain unchanged, with modest market volume improvement anticipated in H2.

  • Leverage expected to fall as working capital reduces; tax rate expected to reduce to around 31%.

  • Further benefits from lower steel prices expected in H2, with key input prices stable.

  • Medium-term targets focus on margin enhancement and return on capital employed, independent of market recovery.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Stelrad Group earnings date

Logotype for Stelrad Group PLC
H2 20256 Mar, 2026
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Stelrad Group earnings date

Logotype for Stelrad Group PLC
H2 20256 Mar, 2026

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Stelrad Group PLC is a United Kingdom-based company that manufactures and distributes radiators in the United Kingdom, Ireland, Europe, Turkey, and internationally. The company distributes steel panel radiators, low surface temperature radiators, towel warmers, decorative steel tubular radiators, and other steel column radiators under the Stelrad, Henrad, Termo Teknik and Hudevad brands. Founded in 1936 and headquartered in Newcastle Upon Tyne, the United Kingdom

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage