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Visual21 Nov 2025
Data center suppliers
Stelrad Group (SRAD) investor relations material
Stelrad Group Trading Update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Trading Update summary17 Nov, 2025
Market and trading environment
RMI and new build end-market activity remained subdued, leading to lower revenues compared to the prior year.
H2 performance showed some stability in volume declines, but economic uncertainty continues to suppress demand.
Financial performance and outlook
Adjusted operating profit for FY25 is expected between £32m and £33m, ahead of FY24 (£31.5m), with positive margin growth.
Debt leverage ratio is set to improve further, supported by strong cash management.
Refinancing of the loan facility will reduce future borrowing costs.
Effective tax rate will increase due to non-cash deferred tax charges and profit mix.
Operational initiatives and strategic actions
Margin management and cost reduction initiatives are offsetting volume declines.
Focus on higher added value products is increasing contribution per radiator.
Turkish business restructuring in H2 will enhance future margins, incurring a £1.6m exceptional expense.
Relaunched Stelrad.com website has seen strong customer engagement and traffic.
Explain the increase in FY25 effective tax rate.
Future margin impact of Turkish business restructure?
What structural drivers support higher-margin products?
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Next Stelrad Group earnings date
H2 20256 Mar, 2026
Next Stelrad Group earnings date
H2 20256 Mar, 2026
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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
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