UK's Titon FY26 revenue rises as ventilation sales grow

Overview

• UK ventilation and hardware maker's FY26 revenue rose 8.1% to £17.1 mln

• Mechanical Ventilation Systems revenue up 18%, offsetting lower hardware sales

• Gross margin declined to 28.5% due to product mix and lower hardware volumes

Outlook

• Titon expects gross margins to improve in FY27 as higher-margin products increase

• Company sees benefits from new products and G-Pack integration building through FY27

• Management prioritises improving MVS margins and returning WDH to growth in FY27

Result Drivers

• MVS GROWTH - Mechanical Ventilation Systems revenue rose 18% on project wins, improved customer service and new product introductions

• LOWER MARGINS - Profitability was constrained by a higher mix of newer products that initially carry lower margins

• G-PACK ACQUISITION - G-Pack contributed £0.5 mln revenue and brought new products and customers to hardware business

Company press release:

Key Details

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)