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.

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