Poujoulat - Further solid growth prospects
Very strong growth in results for 2022/23, following an already excellent financial year 2021/22Profitability nevertheless slightly below our expectations due to inflation in H2After 2 exceptional financial years and a slowdown in the construction sector, growth is set to slow downDemand remains buoyant in renovation, export and wood-energy markets, thanks to an increase in the installed base and regulatory requirementsConfirmation of 5-7% growth in sales in 2023/24 and stabilisation of earnings as raw material prices fallAffordable valuation multiples for a Group that will continue to benefit from the energy transitionPoujoulat and its subsidiaries are engaged in the manufacture of stainless steel flues and chimney tops for all heating appliances (open or enclosed fire places, stoves, boilers, room-sealed boilers) for collective or private housing and commercial purposes.
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