Deceuninck sees higher 2015 net profit despite tough renovation market

Deceuninck NV

25/02/2015 06:39

BRUSSELS, Feb 25 (Reuters) - PVC window frames maker 
Deceuninck  DECB.BR  said it believed its net profit would grow 
in 2015, even though it faced pressure from sluggish renovation 
markets in some European countries. 
    The group said demand in France, Belgium and Germany, which 
made up some 30 percent of its sales, was low in 2014 because of 
a lack of confidence by builders and consumers alike and cheap 
imports of finished windows. 
    The company said growth in 2015 would come mainly from 
Britain, the United States as well as Turkey and other emerging 
markets. 
    The group's net profit increased by a quarter in 2014 to 
10.5 million euros ($11.92 million), mainly the result of lower 
taxes. The operational performance of the group was weaker than 
in 2013. 
     
($1 = 0.8809 euros) 
 
 (Reporting by Robert-Jan Bartunek; Editing by Biju Dwarakanath) 
 ((robertjan.bartunek@thomsonreuters.com; +32 2 2876850; Reuters 
Messaging: robert-jan.bartunek.thomsonreuters.com@reuters.net)) 
 
Keywords: DECEUNINCK RESULTS/