Simon Thompson 

Calling time on Epwin

Simon Thompson

Simon Thompson

Uncertainty around the UK’s exit from the European Union, inflation holding back real wage growth and subdued consumer confidence are just some of the headwinds facing Epwin (EPWN:79p), a manufacturer of extrusions, mouldings and fabricated low-maintenance building products. So too is the knock on effect of sterling’s loss of value against the euro and US dollar since the end of 2015, the effect of which led to input costs pressures and a £7.6m like-for-like increase in raw material costs last year. Two-thirds of the increase was offset by price increases and operational efficiencies, but operating margins still declined by 1.2 percentage points to 7.5 per cent in 2017.

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