Record year for Polypipe | Business Doncaster
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Polypipe
20
Mar

Record year for Polypipe

Doncaster-based plastic pipes manufacturer Polypipe is eyeing another year of progress in 2018 after posting record results.

For the year to 31 December 2017, the company reported revenue of £412m compared to £387m the previous 12 months.

Pre-tax profits were also up from £53.5m to £55.6m.

Chief executive Martin Payne said: "Polypipe's balanced business model, underpinned by the long-term growth drivers of legacy material substitution and continuing legislative tailwinds, has helped produce another record performance in 2017.

"Against the backdrop of a mixed UK construction market performance, continued political and economic uncertainty, and challenges in some overseas markets, Polypipe has delivered strong results in line with our expectations by focusing on its core strategic growth drivers.

"UK construction market performance is likely to remain mixed, but with continued focus on our customers and a balanced exposure to the different sectors within construction, we look forward to another year of progression in 2018."

Earlier this year, Polypipe entered exclusive talks with Ryb to sell its French business – Polypipe France – for €16.5m (£14.5m).

The completion of the deal is subject to an employee consultation process and is expected in the first half of 2018.

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