Eurocell swings to annual loss, but starts new year well amid H2 recovery | 12 March 2021
12 March 2021 | 08:34am StockMarketWire.com - Building products provider Eurocell swung to a loss as the spring COVID-19 lockdown hurt activity and weighed on sales in the first half of the year offsetting a recovery in the second. For the year ended 31 December 2020, pre-tax losses were £1.5 million compared with a profit of £22.7 million year-on-year as revenue fell 8% to £257.9 million. Sales were down 31% in H1, reflecting business closed from late March to mid-May, but recovery in H2, rising 15% year-on-year. Looking ahead, the company said it had started the new year well and its...