Annonce • May 22
Stelrad Group PLC Approves Final Dividend for the Year Ended 31 December 2025 Stelrad Group PLC, at the AGM held on 20 May 2026 approved a final dividend of 5.05 pence per Ordinary Share for the year ended 31 December 2025. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Senior Independent Director Robin Ker was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • May 20
Stelrad Group PLC to Report First Half, 2026 Results on Aug 07, 2026 Stelrad Group PLC announced that they will report first half, 2026 results on Aug 07, 2026 Annonce • Apr 20
Stelrad Group plc Announces Executive Changes Luceco PLC announces that Martyn Coffey, Non-Executive Director of the Company, has been appointed to the Board of Stelrad Group plc as Non-Executive Director and Chair designate, effective from May 1, 2026. Martyn will succeed Bob Ellis as Chair following the conclusion of the Company's Annual General Meeting on 20 May 2026. Martyn Coffey is an accomplished Non-Executive Director with extensive board experience across the manufacturing, HVAC, building materials and construction sectors. Martyn is currently a Non-Executive Director at Taylor Wimpey plc and a Non-Executive Director and Chair of the Remuneration Committee at Luceco plc. His distinguished executive career notably included 11 years as CEO of Marshalls plc, a FTSE 250 company, and as CEO of Baxi Group, manufacturer of heating and hot water solutions. In accordance with UKLR 6.4.8R, the Company confirms that Martyn Coffey has also held the following directorships in the past five years: Executive Director at Marshalls plc, Non-Executive Director at Eurocell plc The Board considers that Martyn Coffey will be independent on appointment as Chair for the purposes of the UK Corporate Governance Code. Bob Ellis will be resigning from his role as Board Chair with effect from the conclusion of the Company's 2026 AGM. Mr. Ellis is expected to continue to serve on the Board. The Bregal Fund III LP (the "Company's Major Shareholder") has stated its intention to nominate Mr. Ellis as one of its Non-Executive Director appointments pursuant to the relationship agreement with the Company, replacing Nicholas Armstrong who would retire from the Board at the conclusion of the 2026 AGM. As previously announced, Martin Payne, Non-Executive Director and Chair of the Audit and Risk Committee, has notified the Board that he will not be standing for re-election and will retire from the Board at the conclusion of the 2026 AGM. A replacement Non-Executive Director and Chair of the Audit and Risk Committee will be appointed in due course. Annonce • Mar 13
Stelrad Group plc Recommends A Final Dividend, Payable on May 26, 2026 The Board of Stelrad Group PLC recommended a final dividend of 5.05 pence per share, a rise of 5% on the prior year, reflective of ongoing confidence in Stelrad's future prospects and the strength of the Group's balance sheet. The final dividend will be paid on 26 May 2026 to shareholders on the register on 24 April 2026, subject to approval by shareholders at the Annual General Meeting on 20 May 2026. Annonce • Feb 20
Stelrad Group PLC, Annual General Meeting, May 20, 2026 Stelrad Group PLC, Annual General Meeting, May 20, 2026. Annonce • Feb 18
Stelrad Group PLC Announces Retirement of Martin Payne as Non-Executive Director, Effective May 20, 2026 Stelrad Group PLC announced that Martin Payne, Non-Executive Director, Chair of the Audit & Risk Committee and member of the Nomination and Remuneration Committees, has notified the Board that he will not be standing for re-election and will retire from the Board and its Committees at the conclusion of the Company's next Annual General Meeting due to be held on May 20, 2026. Annonce • Dec 18
Stelrad Group PLC to Report Fiscal Year 2025 Results on Mar 13, 2026 Stelrad Group PLC announced that they will report fiscal year 2025 results on Mar 13, 2026 Annonce • Aug 08
Stelrad Group PLC Declares Interim Dividend, Payable on 24 October 2025 Stelrad Group PLC Board has declared an interim dividend of 3.04 pence per share, an increase of 2%. The interim dividend will be paid on 24 October 2025 to shareholders on the register on 10 October 2025. Annonce • May 22
Stelrad Group plc Declares Final Dividend for the Year Ended December 31, 2024 Stelrad Group PLC declare a final dividend of 4.81 pence per Ordinary Share for the year ended 31 December 2024. Annonce • May 20
Stelrad Group PLC to Report First Half, 2025 Results on Aug 08, 2025 Stelrad Group PLC announced that they will report first half, 2025 results on Aug 08, 2025 Annonce • Mar 08
Stelrad Group PLC, Annual General Meeting, May 21, 2025 Stelrad Group PLC, Annual General Meeting, May 21, 2025. Annonce • Mar 07
Stelrad Group PLC Recommends Final Dividend for the Year 2024, Payable on 27 May 2025 The Board of Stelrad Group PLC recommended a final dividend of 4.81 pence per share for the year 2024, a rise of 2% on the prior year. The final dividend will be paid on 27 May 2025 to shareholders on the register on 25 April 2025, subject to approval by shareholders at the Annual General Meeting on 21 May 2025. Annonce • Nov 14
Stelrad Group plc Provides Guidance Remains Unchanged Stelrad Group PLC provided guidance for the year 2024 is unchanged from that given at the Group's interim results on 12 August 2024. Upcoming Dividend • Oct 03
Upcoming dividend of UK£0.03 per share Eligible shareholders must have bought the stock before 10 October 2024. Payment date: 25 October 2024. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 5.0%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.7%). Reported Earnings • Aug 15
First half 2024 earnings released: EPS: UK£0.063 (vs UK£0.063 in 1H 2023) First half 2024 results: EPS: UK£0.063 (in line with 1H 2023). Revenue: UK£143.1m (down 8.9% from 1H 2023). Net income: UK£8.02m (flat on 1H 2023). Profit margin: 5.6% (up from 5.1% in 1H 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Consumer Durables industry in Germany. Declared Dividend • Aug 14
First half dividend of UK£0.03 announced Shareholders will receive a dividend of UK£0.03. Ex-date: 10th October 2024 Payment date: 25th October 2024 Dividend yield will be 5.7%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (63% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 11% per year over the past 2 years. However, payments have been volatile during that time. EPS is expected to grow by 50% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Aug 12
Stelrad Group PLC Declares an Interim Dividend, Payable on 25 October 2024 Stelrad Group PLC declared an interim dividend of 2.98 pence per share, an increase of 2%. The interim dividend will be paid on 25 October 2024 to shareholders on the register on 11 October 2024. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €1.41, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Consumer Durables industry in Europe. Total returns to shareholders of 10% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €2.25 per share. Recent Insider Transactions • Jul 10
Non-Executive Chair recently sold €332k worth of stock On the 8th of July, Robert Ellis sold around 250k shares on-market at roughly €1.33 per share. This transaction amounted to 8.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Robert's only on-market trade for the last 12 months. Annonce • May 25
Stelrad Group PLC Declares Final Dividend for the Year Ended 31 December 2023 Stelrad Group PLC at its Annual General Meeting held on 22 May 2024, declared a final dividend of 4.72 pence per Ordinary Share for the year ended 31 December 2023. Upcoming Dividend • Apr 18
Upcoming dividend of UK£0.047 per share Eligible shareholders must have bought the stock before 25 April 2024. Payment date: 29 May 2024. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 5.9%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (4.4%). Annonce • Mar 20
Stelrad Group PLC to Report Q2, 2024 Results on Aug 12, 2024 Stelrad Group PLC announced that they will report Q2, 2024 results on Aug 12, 2024 Declared Dividend • Mar 11
Final dividend of UK£0.047 announced Shareholders will receive a dividend of UK£0.047. Ex-date: 25th April 2024 Payment date: 29th May 2024 Dividend yield will be 6.3%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (50% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has increased by an average of 11% per year over the past 2 years. However, payments have been volatile during that time. EPS is expected to grow by 42% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 10
Full year 2023 earnings released: EPS: UK£0.12 (vs UK£0.034 in FY 2022) Full year 2023 results: EPS: UK£0.12 (up from UK£0.034 in FY 2022). Revenue: UK£308.2m (down 2.6% from FY 2022). Net income: UK£15.4m (up 258% from FY 2022). Profit margin: 5.0% (up from 1.4% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Consumer Durables industry in Germany. Annonce • Mar 09
Stelrad Group PLC Recommends Final Dividend, Payable on May 29, 2024 Stelrad Group PLC announced that Board is recommending an unchanged final dividend of 4.72 pence per share. The final dividend will be paid on 29 May 2024 to shareholders on the register on 26 April 2024, subject to approval by shareholders at the Annual General Meeting on 22 May 2024. Annonce • Mar 08
Stelrad Group PLC, Annual General Meeting, May 22, 2024 Stelrad Group PLC, Annual General Meeting, May 22, 2024. Agenda: To consider the recommendation on final dividend. Annonce • Jan 25
Stelrad Group plc Announces Appointment of Katherine Innes Ker as Senior Independent Director, Effective February 1, 2024 Stelrad Group plc announced the appointment of Katherine Innes Ker as Senior Independent Director. Katherine has been appointed as Chair of the Nomination Committee and as a member of both the Remuneration and Audit & Risk Committees. Katherine, who will join the Board on 1st February 2024, is a highly regarded Non-Executive Director, Senior Independent Director and Chair, with extensive board experience across a range of sectors. Katherine is Chair of the Mortgage Advice Bureau plc, Senior Independent Director and Chair of the Remuneration Committee of Forterra plc, and is a Non-Executive Director of Ground Rents Income Fund plc. Katherine has held the following directorships in the past five years: - Senior Independent Director at Go-Ahead Group plc,- Non-Executive Director at Vistry Group plc. Annonce • Dec 01
Stelrad Group PLC Announces Directorate Change Stelrad Group plc announced that Terry Miller, Non-Executive Director and Senior Independent Director, has given notice of her intention to step down from the Board and its Committees on 31 December 2023 having originally joined the Group in October 2021 as part of Stelrad's IPO. A replacement Non-Executive Director and Senior Independent Director will be appointed in due course. Upcoming Dividend • Oct 05
Upcoming dividend of UK£0.029 per share at 8.0% yield Eligible shareholders must have bought the stock before 12 October 2023. Payment date: 27 October 2023. Payout ratio is on the higher end at 84%, however this is supported by cash flows. Trailing yield: 8.0%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (5.4%). Annonce • Sep 27
Stelrad Group plc Announces Appointment of Annette Borén Chief Financial Officer Stelrad Group plc announces the appointment of Annette Borén as Chief Financial Officer, with effect from 1 November 2023. She will be appointed as an Executive Director of the Board on 22 November 2023. Annette will succeed George Letham, who as announced on 22 May 2023, will retire from his position as Chief Financial Officer and Executive Director of the Company and will step down from the Board on 22 November 2023 following an orderly transition period. Post this, George will be retained in the capacity of Strategic Advisor to the CEO, on a part-time basis for a 6 month period. Most recently, she was CFO for Northern Europe at Hilti, a world leader in the manufacture of construction tools. Prior to this Annette was CFO for Doro, a Swedish consumer electronics company listed on the Nasdaq Stockholm. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €1.11, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 11x in the Consumer Durables industry in Europe. Total loss to shareholders of 44% over the past year. Reported Earnings • Aug 15
First half 2023 earnings released: EPS: UK£0.063 (vs UK£0.005 in 1H 2022) First half 2023 results: EPS: UK£0.063 (up from UK£0.005 in 1H 2022). Revenue: UK£157.0m (up 4.6% from 1H 2022). Net income: UK£7.99m (up UK£7.32m from 1H 2022). Profit margin: 5.1% (up from 0.4% in 1H 2022). Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Consumer Durables industry in Germany. Upcoming Dividend • Apr 20
Upcoming dividend of UK£0.047 per share at 8.1% yield Eligible shareholders must have bought the stock before 27 April 2023. Payment date: 26 May 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 8.1%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.1%). Reported Earnings • Mar 15
Full year 2022 earnings released: EPS: UK£0.034 (vs UK£0.12 in FY 2021) Full year 2022 results: EPS: UK£0.034 (down from UK£0.12 in FY 2021). Revenue: UK£316.3m (up 16% from FY 2021). Net income: UK£4.31m (down 71% from FY 2021). Profit margin: 1.4% (down from 5.4% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Consumer Durables industry in Germany. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Martin Payne was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €1.44, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Consumer Durables industry in Germany. Upcoming Dividend • Sep 29
Upcoming dividend of UK£0.029 per share Eligible shareholders must have bought the stock before 06 October 2022. Payment date: 28 October 2022. Payout ratio is on the higher end at 76% but the company is not cash flow positive. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (5.5%). Lower than average of industry peers (4.3%). Reported Earnings • Aug 14
First half 2022 earnings released First half 2022 results: Revenue: (flat on 1H 2021). Net income: (flat on 1H 2021). Profit margin: (in line with 1H 2021). Over the next year, revenue is forecast to grow 13%, compared to a 3.5% growth forecast for the industry in Germany. Annonce • Aug 12
Stelrad Group PLC Recommends Interim Dividend, Payable on October 28, 2022 Stelrad Group PLC announced that based on the Group's financial results in the first half of 2022, the Board recommends an interim dividend of 2.92 pence per share. The interim dividend will be paid on 28 October 2022 to shareholders on the register on 7 October 2022. Annonce • Jul 14
Stelrad Group PLC (LSE:SRAD) completed the acquisition of DL Radiators S.p.A. from DE Longhi Industrial S.A. Stelrad Group PLC (LSE:SRAD) entered into an agreement to acquire DL Radiators S.p.A. from DE Longhi Industrial S.A. for €28.3 million on June 23, 2022. Stelrad will pay a cash consideration of approximately €28 million based on a debt free, cash free basis. The transaction will be funded from existing facilities including temporary use of an accordion option. DL Radiators generated turnover of approximately €87 million and normalized EBITDA of €5 million for its financial year ended December 2021, with gross assets of approximately €63 million at December 31, 2021. DL Radiators management team, led by Chief Executive Officer Stefano Valente, will continue to run the business with oversight from Stelrad. the transaction is anticipated to close in the coming weeks. The Group expects the acquisition to be earnings enhancing in the current financial year with double digit EPS enhancement in future years.
Stelrad Group PLC (LSE:SRAD) completed the acquisition of DL Radiators S.p.A. from DE Longhi Industrial S.A. on July 13, 2022. Annonce • Jun 24
Stelrad Group PLC (LSE:SRAD) entered into an agreement to acquire DL Radiators S.p.A. from DE Longhi Industrial S.A. for approximately €28 million. Stelrad Group PLC (LSE:SRAD) entered into an agreement to acquire DL Radiators S.p.A. from DE Longhi Industrial S.A. for approximately €28 million on June 23, 2022. Stelrad will pay a cash consideration of approximately €28 million based on a debt free, cash free basis. The transaction will be funded from existing facilities including temporary use of an accordion option. DL Radiators generated turnover of approximately €87 million and normalized EBITDA of €5 million for its financial year ended December 2021, with gross assets of approximately €63 million at December 31, 2021. DL Radiators management team, led by Chief Executive Officer Stefano Valente, will continue to run the business with oversight from Stelrad. the transaction is anticipated to close in the coming weeks. The Group expects the acquisition to be earnings enhancing in the current financial year with double digit EPS enhancement in future years. Annonce • May 17
Stelrad Group plc Announces Final Dividend Stelrad Group PLC announced that at its Annual General Meeting held on 16 May 2022, approved a final dividend of 0.96 pence per share. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. Non-Executive Director & Senior Independent Director Terry Miller was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 15
Full year 2021 earnings: Revenues miss analyst expectations Full year 2021 results: Revenue: UK£272.3m (up 39% from FY 2020). Net income: UK£14.7m (up 69% from FY 2020). Profit margin: 5.4% (up from 4.4% in FY 2020). Revenue missed analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 10%, compared to a 8.2% growth forecast for the industry in Germany. Board Change • Nov 19
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. Non-Executive Director & Senior Independent Director Terry Miller was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.