On a like-for-like basis excluding Texiplast, which was acquired in the second half of the last year, sales were up by 5.5% up. Sales in the second half were 4.6% up overall, and 3.2% ahead on a like-for-like basis. The Group expects to report full year results on 3 February 2015.

Sales figures

As anticipated in October’s interim management statement, sales for the second half of the year within Bonar were mixed, albeit 2.1% ahead in aggregate on a like-for-like basis (+2.8% full year).

The Flooring division was up by 11.6% (+6.8% full year). The Civil Engineering was 5.1% down (-0.8% full year). The company expects the market to remain subdued into the first half of next year.

Building Products, after a strong start to the year, were 2.3% down in the second half (+4.4% full year); strong sales in the USA partially mitigated weak demand within Europe, the company reports.

Texiplast’s sales were £8.8 million for the full year, and £5.2 million in the second half. Technical Coated Fabrics were 6% ahead in the second half (+8.7% full year), and sales by Yarns were 1.5% above the second half of the last year results (+14.0% full year).

Outlook

Full year profit before tax, amortisation and non-recurring items is expected to be similar to last year, in spite of a £2.4 million headwind on translating overseas earnings into sterling. Net debt as at 30 November was £88 million.

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