The windows and profiles company expects a slow second half

Higher PVC prices and one-off costs stopped Deceuninck benefiting from greater sales in the first half of this year.

The acquisition of Thyssen Polymer last year helped boost the Belgian window and profile company’s sales by 64% to E280.7m in the first six months. But operating profit (EBIT) fell by 27% to E16.9m. Deceuninck announced a price rise for its products in May, which it will push through during the third quarter. The company blamed higher costs for PVC, additives and steel.

Deceuninck ceo Clement De Meersman said: “The coming six months will not be sufficient to repeat last year’s strong operating result. We are allowing for a fall in EBIT by 15-20%.” The company is anticipating a slowdown in certain markets in the second half, including in western Europe.

Thyssen Polymer, where synergy programmes are being implemented, is performing according to plan, said the company.