Building materials group Heitons said today trading so far this year has been very positive with volumes well ahead of forecasts.
Shareholders at the company's AGM today were told that the combination of fine weather and the buoyant housing market provided for exceptional volumes in the year to date but some moderation had to be expected towards the end of the year.
In his chairman's address, Mr Richard Keatinge said the company expects the home improvements market to stay robust but that it is likely housing growth rates will modify somewhat in the coming months.
Turning to the British market Mr Keatinge said that the restructuring announced in July is on track for completion by the end of the current financial year.
Mr Keatinge welcomed two new board members, Mr Eddie Kelly and Sir John Gaines, and announced a proposal to co-opt former Bank of Ireland Asset Mangement chief executive Mr Willie Cotter to the board.