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SHARESCOPE : Qualceram can tap into better prospects.
(From Irish Independent)
QUALCERAM Shires, the Arklow-based maker of bathroom products for theIrish and UK markets, turned in slightly better-than-expected results earlier this week.Turnover was down by [euro]5m to [euro]95m, primarily because sales in the UK - which weresluggish in sterling terms - actually fell when translated into the stronger euro.
Sharescope has an aversion to companies which rationalise and keep reducing turnover unless they have very valuable assets. Qualceram Shires went on the acquisition trail inthe UK four years ago - this proved to be badly timed and it is to be hoped that the blip in sales growth is only that.
The Irish market grew by 5pc, while the sales in the UK declined by 10pc in euro terms.Qualceram needs to ratchet up its sales to increase throughput through its remaining four plants and make maximum contribution to overheads. Exports outside Ireland and the UK amounted to about [euro]5m last year but, with a strong product range, Qualceram should be able to double that.
Still, there were positives to be taken out of the preliminary results. The ravages of the restructuring which saw ...
- Belgian rival takes over Qualceram for [euro]3.4m
- Newspaper article from: The Irish Times BARRY O'HALLORAN July 16, 2009 700+ words
...over the operations of Irish rival Qualceram Shires for [euro]3.4 million in a High Court-approved rescue deal. Qualceram Shires was placed under High Court...four Irish operating companies for [euro]3.4 million. The companies are...
- Delay in plant closure hits Qualceram's profits.(Business)
- Newspaper article from: The Birmingham Post (England) September 5, 2003 700+ words
...period fell to to 49.2 million euros from 51.2 million euros, knocked by the strength of the euro against the pound. Mr Clince said...UK sales, between 2.5 million euros and 3 million euros. Qualceram doubled its pre-tax profit to...
- Qualceram Shires property boost.
- Magazine article from: Investors Chronicle - magazine and web content September 10, 2007 700+ words
...the IC speculated that Qualceram could receive between 35m...in a competitive market, Qualceram now buys in three-quarters...51m to 20.82m as rising Euro interest rates knock back 2007 housing starts. Qualceram clearly anticipates tough...
- New acquisitions will safeguard Ideal jobs ; Ideal Standard International takes...
- Newspaper article from: Hull Daily Mail (UK) NICK GLAVES July 22, 2009 700+ words
...companies of Irish firm Qualceram Shires Plc. The purchase...believed to be for 3.4m euros (about Pounds 2.9m...offered for sale when Qualceram Plc went into liquidation...without taking on its debt. Qualceram also had a UK business...
- Qualceram closure at Hanley is a big drain.(Business)
- Newspaper article from: The Birmingham Post (England) April 3, 2003 700+ words
...last year. Eire-based Qualceram shut the Stoke-on...hit of 13.1 million euro(pounds 9 million...was 11.555 million euro, compared to a profit...profit of 2.5 million euros and the group will not...challenging year for Qualceram in which operating margins...
- Qualceram shares rise on bid approach.
- Magazine article from: Investors Chronicle - magazine and web content March 26, 2008 700+ words
RESULTS: Difficult trading conditions at Qualceram. Nigel Bolitho Qualceram Shires' share price rose last week on news of...and reducing their availability. Fortunately, Qualceram has restored its finances by selling a 13-acre...
- QUALCERAM SHIRES (QLC).
- Magazine article from: Investors Chronicle September 17, 2004 700+ words
Qualceram Shires is up against a fiercely competitive and deflationary market in...grew by an impressive 9.6 per cent as the economy continues to grow. Qualceram is now through a period of consolidation, having closed down its Hanley...
- Qualceram to cut 70 jobs.(Statistical Data Included)
- Newspaper article from: The Evening Standard (London, England) February 15, 2001 700+ words
IRISH-OWNED bathroom manufacturer Qualceram Shires is to make up to 70 redundant at its plants in Stoke...manufacturing facility, producing vitreous china products. Qualceram shares, quoted in London and Dublin, were steady at 194p...
