Key Points – Genuit maintained its full-year outlook despite challenging construction markets: first-half reported revenue rose 3%, while like-for-like revenue fell about 5% and underlying operating profit declined 1.6% to £43.9 million. – Cost pressures and operational issues…
ighed on performance, including polymer inflation, a £1.5 million Adey stock provision and an approximately £0.8 million supplier-related impact. Management expects pricing actions, productivity gains and the resolution of Adey issues to support second-half margins. – The group is advancing strategic growth and efficiency initiatives, including Davidson site consolidation expected to deliver more than £4 million in annualised savings from 2027, expanding stormwater opportunities under AMP8, and investments in ventilation, water management and lower-carbon products
Genuit Group (LON:GEN) said first-half trading remained challenging amid subdued construction demand, higher polymer costs and uncertainty linked to the Middle East conflict, but maintained its full-year expectations after reported revenue rose 3% and underlying operating profit declined only modestly. Chief Executive Officer Joe Vorih said the company had responded with “balanced cost and price action,” simplification initiatives and continued investment in growth areas including ventilation, water management and lower-carbon products. He said the group expects its simplification programme to generate more than £4 million in annualised savings, primarily from 2027 onward.
First-half results and cash generation Chief Financial Officer Tim Pullen reported revenue growth of 3% on a reported basis, supported by acquisitions completed in 2025. On a like-for-like basis, revenue declined about 5%, though this improved from an approximately 8% decline reported in the four months to April. Underlying operating profit was £43.9 million, down 1.6% from the prior year, while EBIT margin declined by around 70 basis points.