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Record sales for BSS

Leading distributor BSS Group has been unaffected by the turbulent financial markets, according to an interim management statement issued earlier last week.

 

The company - which specialises in heating, ventilation, plumbing and industrial supplies - said its trading performance was in line with expectations and it had even seen record sales within its domestic division, which includes Plumbing Trade Supplies and F&P Wholesale.

 

The statement, which covered October 2007 to January 2008, said: “The economic uncertainty that has affected the financial markets has had no tangible impact on the Group's trade during the period.

 

“The Group is trading in line with our expectations: growing revenue, market share and profitability.

 

“The focus on the repairs and maintenance markets and limited exposure to the new build housing market, places the Group in a position where a large element of its revenue is directly related to non-discretionary spend.

 

“October and November are key months in the heating season for the Domestic Division, trading has been encouraging with the Division achieving record sales and profitability.

 

“The Industrial Division has continued to deliver strong growth in organic revenue, benefiting from improved stock availability and investment in distribution infrastructure that has underpinned enhanced service levels to our customers.”