Genuit Group (GEN) Trading Update summary

Trading performance and outlook

• Revenue for the first four months of 2025 rose 8.5% year-on-year to £199.3m, with 5.3% like-for-like growth, reflecting organic sales gains across all business units.

• Climate Management Solutions saw 9.0% revenue growth, driven by residential ventilation and improved commercial sales, while underfloor heating remained subdued but showed order improvement in April.

• Water Management Solutions revenue increased 9.6%, supported by higher demand for stormwater solutions and strong order intake in the Sky Garden business.

• Sustainable Building Solutions achieved 8.2% revenue growth, benefiting from market share gains after a competitor's exit and early signs of housebuilding recovery.

• Group margin dilution is expected in H1 due to higher National Insurance and minimum wage, but productivity and cost management initiatives are underway to offset this.

Strategic initiatives and market positioning

• Genuit continues to deploy its Business System to drive productivity and margin improvement, especially in the second half of the year.

• Focus remains on organic growth, new product introductions, and capturing further market share.

• The acquisition pipeline is active, targeting strategic bolt-on opportunities, supported by a strong balance sheet.

• Exposure to sustainability-linked growth drivers positions Genuit to outperform the market over the medium term.

• The group is not directly exposed to trade tariff changes, aiding resilience amid macroeconomic uncertainty.

Business unit highlights

• Climate Management Solutions: Growth led by ventilation, with commercial sales improving and underfloor heating stabilizing.

• Water Management Solutions: Increased demand for stormwater products and strong Sky Garden orders.

• Sustainable Building Solutions: Market share gains and positive trends in new housebuilding, despite ongoing challenges in RMI and commercial sectors.