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RNS Number: 4704 V Strix Group PLC 08 April 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 5551 U Strix Group PLC 29 March 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 3819 U Strix Group PLC 28 March 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
#KETL Watch the management team discuss their FY results
Strix (KETL) shares fell 4 per cent in morning trading, after the impact of currency rates caused by Brexit and other global challenges has softened the kettle safety controls manufacturer’s reported net sales growth. Nevertheless, Strix has maintained its global market share at around 38 per cent, with a slight decline in its share of the Chinese market. Net debt fell 40 per cent to £27.5m, while pre-tax profits grew modestly by 3.2 per cent.
Strix Group (KETL.L) 157.20p £317.30m FY Dec18 results from the global leader in the design, manufacture and supply of kettle safety controls and other complementary water temperature management components. Solid performance during 2018 including a 7.9% growth in sales volumes and 2.7% in net sales, rising to 4.5% on a constant currency basis, in line with expectations. Rev £93.8m. PBT £29.2m + 3.2%. Careful cost management has allowed a gross profit margin of 41.5% (2017: 40.7%). Net debt reduced to £27.5m, a 40.1% reduction since December 2017 (£45.9m Proposed final dividend of 4.7p, with total dividends of 7.0p for the full year. For 2019 recent acquisition of Halo Source assets and hedging of commodities set a solid platform for further delivery.
Investors Chronicle\'s Simon Thompson continues to support Strix, issuing a Buy recommendation with a 200p target price.
Strix Group Plc (KETL.L) Announced, in its results for the year ended 31 December 2018, that the revenue rose to £93.8 million from £91.3 million posted in the same period preceding year. The company’s profit before tax stood at £24.1 million, compared to profit of £25.4 million reported in the previous year. The basic earnings per share stood at 12.2p compared to earnings per share of 13.0p reported in the previous year. The company’s cash and equivalents stood at £13.5 million.
Equity Development publishes on Strix: \"Strix – the world’s largest kettle safety controls supplier – released preliminary FY2018 results in line with our own, and market, expectations...\" Read more here:
Equity Development publishes on Strix: \"ecuring Future Expansion Published: Mar 21 2019 Strix – the world’s largest kettle safety controls supplier – released preliminary FY2018 results in line with our own, and market, expectations.... REad more here:
RNS Number: 5046 T Strix Group PLC 21 March 2019 21 March 2019. Results for the year ended 31 December 2018. Strix Group Plc, the global leader in the design, manufacture and supply of kettle safety controls and other complementary water temperature management components, is pleased to announce its audited results for the year ended 31 December 2018..
Strix Group Plc (KETL.L) Announced that, following approval by HaloSource Corporation (HaloSource) shareholders at the general meeting held on 26 February 2019, the acquisition of specified assets from HaloSource has now completed. The company has entered into an asset purchase agreement with HaloSource, pursuant to which it will acquire specified assets relating to HaloSource's HaloPure division and its Astrea product, for total consideration of US$1.33 million (the Acquisition).
Strix Group (KETL.L) 156p £297.16m The global leader in the design, manufacture and supply of kettle safety controls and other complementary water temperature management components, confirms that, following approval by HaloSource Corporation shareholders at the general meeting held on 26 Feb 2019, the acquisition of specified assets from HaloSource has now completed. Strix has entered into an asset purchase agreement with HaloSource, pursuant to which it will acquire specified assets relating to HaloSource's HaloPure division and its Astrea product, for total consideration of $1.33m. The Board of Strix believe that the Acquisition represents an opportunity to acquire extensively developed technology, which is complementary to its Aqua Optima division, at an attractive price, as well as gaining access to skilled research and development resource in the USA. Strix will continue the process of commercialising the technology and products that it has acquired, leveraging its experience of operating in the water filtration sector and bringing to market new consumer products.
RNS Number: 2412 S Strix Group PLC 08 March 2019 8 March 2019. Strix has entered into an asset purchase agreement with HaloSource, pursuant to which it will acquire specified assets relating to HaloSource's HaloPure division and its Astrea product, for total consideration of US $1.33 million.. The Board of Strix believe that the Acquisition represents an...
Strix included in today\'s Questor column in the Daily Telegraph:
Strix Group Plc
KETL.L
Strix Group Plc
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Company Profile

Strix is a global leader in the design, manufacture and supply of kettle safety controls and other components and devices involving water heating and temperature control, steam management and water filtration.

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Locations

HQ
Forrest House
IM9 2RG
Ronaldsway
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