Stelrad’s latest communication to the market reveals a company steering steadily through challenging conditions, with its leadership projecting confidence in long term value creation even as demand remains muted. The radiator maker has reported a resilient position in its trading update for the ten months to 31 October 2025, noting that end market activity has stayed “subdued” and continues to weigh on volumes. This context frames a narrative of cautious optimism in the Stelrad trading update 2025, as the business highlights both stability and strategic progress.
The company confirmed that overall RMI and new build activity has not shifted significantly since the half year. In its own words, “While Stelrad’s H2 versus H1 performance to date points towards a degree of stability in the rate of volume declines, the backdrop of ongoing economic uncertainty has continued to suppress volumes, resulting in lower revenues versus the prior year.” Even so, this stabilisation of decline rates has been enough for Stelrad to raise expectations for adjusted operating profit for FY25, placing it between £32 million and £33 million, an improvement on FY24’s £31.5 million. This upward revision stands out as a central detail in the Stelrad trading update 2025, underscoring the company’s insistence on adaptability and discipline.
Management credits a combination of proactive pricing discipline, tight cost control and targeted restructuring for shoring up performance. The company emphasised that it continues to implement “proactive margin management initiatives and cost reduction activities” and has taken further action in the second half by restructuring its Turkish business to “further enhance operational margins in the future”. These strategic adjustments sit at the heart of the steady performance reflected in the Stelrad trading update 2025, illustrating how operational refinement can soften the impact of weak demand cycles.
Chief executive Trevor Harvey reinforced this message with a forward looking tone. He said: “Stelrad continues to deliver a strong operational performance and remains on track to achieve growth in adjusted operating profit and margin expansion year on year, despite the subdued volume environment. Whilst the continued delay in end market recovery remains frustrating, Stelrad’s flexible, low cost manufacturing footprint, outstanding customer service and unmatched product availability means that the group remains well positioned for the eventual recovery in our end markets, and I remain confident in our ability to deliver long term value for our stakeholders.” His comments encapsulate the blend of pragmatism and confidence that characterises the Stelrad trading update 2025.
With headquarters in Newcastle upon Tyne and manufacturing and distribution sites in Mexborough and across Europe, the group’s footprint supports its vision of long term resilience. Despite a difficult backdrop, the Stelrad trading update 2025 suggests that the company is intent on emerging stronger when market conditions finally improve.
