UK: Superglass Holdings has reported in a period-end trading update that its financial year that ended on 31 August 2013 was in line with market expectations.
The mineral wool producer reported that sales volumes had been volatile throughout the summer of 2013 and overall market demand remained depressed, especially in the retrofit segment where the uptake of insulation measures under the Green Deal initiative remained very low. Insulation measures completed in 2013 under the Green Deal and the Energy Company Obligation (ECO) combined are running at between 80% and 90% below 2012 levels.
Superglass also announced the resignation of its Chief Finance Officer, Allan Clow, and the appointment of Declan George Billington as a non-executive Director.
