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Epwin Group’s FY24 results were robust in challenging markets and came in marginally ahead of market expectations. Revenue was down 6%, largely due to lower surcharges on previously high PVC input prices, augmented by subdued demand. However, due to careful management of the balance between volume and margin, as well as a keen focus on operational efficiency, underlying operating profit increased 3% to £26.2m. Net debt increased modestly to £15.4m despite investment in the business, acquisition expenditure and a share buyback.
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