Results 

Has Safestyle bottomed out?

Has Safestyle bottomed out?

A disappointing set of half-year numbers has sealed a disastrous summer for windows and doors seller Safestyle (SFE), which issued two profit warnings within two months. But the good news is that trading conditions and orders stabilised in July and August (compared with a 6.8 per cent decline in the volume of frames installed in the first half), and while chief executive Steve Birmingham is reluctant to predict a wider market recovery, City analysts suspect the worst might be over.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now