Superglass Holdings says CERT demand not certain

Date: 22 January 2011
Source: www.uk.ibtimes.com

Date: 22 January 2011

Glass mineral fibre insulation maker Superglass Holdings plc said demand from the government's extended CERT (carbon emissions reduction target) home energy savings scheme remained uncertain.

In an interim management statement for the period from September 1 at its AGM today (Jan 14), Superglass said trading since its November 24 results provided few indicators of underlying performance because of weather conditions.

'A snapshot of the position today reveals solid trading with specialist distributors and builders' merchants, but as anticipated a slow start to the newly extended CERT programme.'

Refurbishment of the company's second furnace remained on schedule for completion by the end of January.

The company expected its performance to be significantly weighted towards the second half. CERT remained the key driver for trading in the short term and factors underpinning growth in this channel were strengthening.

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