Profits rise 17.5% as the company expands into eastern Europe and Turkey

Profits rise 17.5% as the company expands into eastern Europe and Turkey

PVC windows maker Deceuninck Group recorded increased profits last year after expanding into new markets. Profits for the Belgium-based company rose 17.5% compared with the previous year to E91m. Sales were up 29.9% at E470m. Deceuninck said a strong renovation market helped its performance.

The largest growth for the company was in eastern Europe and Turkey. Deceuninck expanded into the Russian market last month and opened an office in Moscow. It employs over 30 staff in the country.

Despite its US operations being hit by a weak dollar and high PVC prices, the firm last week started production of wood composite decking boards in Ohio. Deceuninck said it expected to expand into new geographical areas over the next year.