Stelrad Group
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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.
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Trading update summary20 May, 2026

Trading performance and outlook

  • Trading year-to-date aligns with management expectations, with no change to the full-year outlook given in March 2026.

  • Profitability has improved due to ongoing commercial and operational initiatives, offsetting weaker market demand.

  • Supply chain and inventory remain robust, with no anticipated disruption from Middle East events.

  • Flexible, low-cost manufacturing and strong customer service support confidence in meeting full-year targets.

  • Long-term market attractiveness is underpinned by structural growth drivers and decarbonisation trends.

Strategic positioning and market leadership

  • Holds a 24.2% share by volume in the European steel panel radiator market (excluding Russia and Belarus).

  • Market leader in six countries and top three in twelve additional territories.

  • Five core brands and a broad product range serve over 500 customers in more than 40 countries.

  • Operations optimised for agility and market share gains, supported by a strong manufacturing footprint.

  • Long-standing customer relationships, with top five customers served for over twenty years.

Upcoming events

  • Interim results for the six months ending 30 June 2026 will be announced on 7 August 2026.

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H1 20267 Aug, 2026
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