Highlights
4.4%
£14.5m
70bps
41%
11.0p
£13.5m
10.4p
£19.9m
£14.8m
1 All figures, including comparatives, exclude discontinued operations.
2 Adjusted measures are stated before non-underlying items and the related tax effect (see page 62 of the Annual Report). We use alternative performance measures to assess business performance and they are provided here in addition to statutory measures to help describe the underlying results of the Group.
Our business at a glance
We are the market leading UK manufacturer, distributor and recycler of innovative window, door and roofline PVC products.
Through our vertically integrated business model and differentiated customer proposition for fabricators, installers, small and independent builders and housebuilders. We offer manufacturing expertise, sustainable sourcing and nationwide distribution.
Proportion of recycled material used in extrusion
32%
Number of branches at 31 December 2023
214 (plus map)
Through our vertically integrated business model and differentiated customer proposition for fabricators, installers, small and independent builders and housebuilders. We offer manufacturing expertise, sustainable sourcing and nationwide distribution.
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We have a clear strategy to drive organic growth and improved operating margins.”Darren Waters Chief Executive
Chief Executive'sreport
With demand softening towards the end of 2022, we completed a restructuring programme in Q4 of that year and entered 2023 prepared for tougher markets.
Download section in fullOur strategy
We have four strategic priorities
Following the arrival of Darren Waters as Chief Executive in the Spring of 2023, we commenced a review of our strategy.
With this strategic review, we are resetting the ambition for the business, via:
- The delivery of significant organic growth through the transformation of the branch network and other commercial initiatives
- Continual operational improvements and footprint consolidation
- Simplification and digitalisation of business processes
- The creation of a strong, cohesive culture, where people are our priority
Strategic pillars
Four pillars
Our new purpose and core values underpin our strategy, which is built around four strategic pillars:
Customer Growth
Predicated on us becoming the tradecustomer’s preferred choice in all marketsand segments where we operate.
Business Effectiveness
Reflects our ambition to make Eurocell a leanand efficient company thereby making us easier to do business with.
People First
To make Eurocell a great place to work, through a relentless focus on health and safety, an enhanced employee value proposition, improved levels of engagement and effective talent management.
ESG Leadership
To earn a reputation for being a truly responsible company, building on our industry leadership in PVC recycling, and aim to excel in all aspects of ESG.
Sustainability
ESG leadership
Eurocell is committed to operating a sustainable business and earning a reputation for being a truly responsible company. We also aim to lead the fenestration sector in sustainability. We are focussed on reducing our carbon footprint, valuing and supporting the wellbeing of our people, and improving the environment in which we operate.
In particular, we are focused on:
- ESG leadership
- Health and safety
- People First
- Environmental leadership
- Sustainable products
- Ethics and compliance
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KPI | 2023 | 2022 | Original Target | Link to UN SDGs |
|---|---|---|---|---|---|
| Waste to Landfill | % landfill | 9% | 12% | No more than 5% waste to landfill by 2025 and 1% by 2030 |
|
| Waste recycled | % recycled | 76% | 82% | Increase of 2% per annum in waste recycled (to 88% by 2025), then increase of 1% per annum thereafter (to 93% by 2030) vs 2020 baseline |
|
| Recycled material used in production | % used | 32% | 29% | 40% by 2030 |
|
| CO2 saved by recycling operation | Tonnes saved | 47kt | 47kt | Year-on-year increase |
|
| Recycled material yield | % generated | 63% | 59% | 72% by 2030 |
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Objectives align with relevant UN Sustainable Development Goals (SDGs)
End poverty in all its forms everywhere
Ensure healthy lives and promote well-being for all at all ages
Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all
Achieve gender equality and empower all women and girls
Ensure availabilityand sustainable managementof water and sanitation for all
Ensure access to affordable, reliable, sustainable and modern energy for all
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
Ensure sustainable consumption and production patterns
Take urgent action to combat climate change and its impacts
End poverty in all its forms everywhere
Ensure healthy lives and promote well-being for all at all ages
Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all
Achieve gender equality and empower all women and girls
Ensure availabilityand sustainable managementof water and sanitation for all
Ensure access to affordable, reliable, sustainable and modern energy for all
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
Ensure sustainable consumption and production patterns
Take urgent action to combat climate change and its impacts
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Strategic Report
- Our Business at a Glance
- What we do
- Chair’s Report
- Market Overview
- Chief Executive’s Q&A
- Chief Executive’s Report
- Our Strategy
- Social Values and ESG Committee Report
- Sustainability Report
- Task Force On Climate-related Financial Disclosures
- Chief Financial Officer’s Report
- Risk Management
- Principal Risks and Uncertainties
- Viability Statement
Corporate Governance
Financial Statements
- Consolidated Statement of Comprehensive Income
- Consolidated Statement of Financial Position
- Consolidated Cash Flow Statement
- Consolidated Statement of Changes in Equity
- Notes to the Consolidated Financial Statements
- Company Statement of Financial Position
- Company Statement of Changes in Equity
- Notes to the Company Financial Statements
- Company Information