Safestyle up on strong growth

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Safestyle up on strong growth

The price of shares in AIM-listed Safestyle (LON:SFE) increased by 13.45% to 41.75p (as of 15:35 GMT) after it said it expected Q4 revenues to climb by 20%. Management said that the company would be entering 2021 with a strong pipeline despite supply chain issues and operational problems caused by the current climate.

CEO Mike Gallacher commented: “Despite the unprecedented challenges faced by the Group during the year, I am pleased with the recent tangible progress we have made in stepping up our operational capacity and delivering strong revenue growth, whilst further strengthening our order book. Moreover, we have also made good progress on our longer-term strategic priorities. Notwithstanding the uncertainty associated with the current economic backdrop, the Group is well positioned to build on this positive momentum going into 2021. I would again like to thank our staff and all of our stakeholders for their efforts and support over the course of the year.

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