Epwin Group Plc (LON:EPWN) are the topic of conversation when Andy Hanson, Director of Equity Research joins DirectorsTalk. Andy shares his thoughts on the latest interim results, explains what has happened with two of Epwins customers, how this will effect the company and the impact this may have on the valuation.
Jon Bednall, Epwin Group plc Chief Executive Officer, said: “Performance in the first half of 2017, despite the significant input price increases resulting from the weakening of sterling, demonstrates the resilience of the Group’s business model and the Board’s strategy.
We have continued to broaden our product portfolio and channels to market as well as drive operational efficiency and product development. However, in light of market conditions, the political and economic uncertainty and the highlighted customer issues, the Group has accelerated the implementation of a programme aimed at adjusting the Group’s operational footprint.
We remain confident of the long-term growth drivers in the RMI market and continue to progress with our strategy, focused on operational improvement, selective acquisitions, product range expansion and development, and integration of operations. We are confident in continuing our record of strong cash generation and our ability to offer an attractive dividend to shareholders.”