Leading radiator maker Stelrad has hailed an “encouraging” start to 2023, boosted by its performance in the UK.
The Newcastle company, which designs and manufactures steel panel and designer radiators from factories in Mexborough in South Yorkshire as well as sites in Holland, Italy and Turkey, issued a trading statement ahead of its AGM, highlighting year-to-date performance in line with management expectations.
It said it was pleased with the encouraging start to the first four months of 2023, with UK volumes in particular showing resilience. Lower volumes seen in the second half of 2022 stabilised in the first half of 2023, and this year is expected to return to historical seasonal patterns after an exceptionally strong first half prior year comparator, with volumes in the second half of the year stronger than the first half.
