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UK's Genuit slumps, forecasts annual profit below estimates

By Reuters News07:32 (UTC), 20 October 2026 Updated

** Shares of sustainable water solutions manufacturer Genuit Group GENG.L fall 13.4% at 251.4p

** On track for worst one-day fall since November 2025

** Co now expects FY underlying operating profit to about £84 mln ($112.14 mln), below company-compiled analyst consensus range of £91 mln to £96 mln

** Weak H1 volumes in co's heating business were worsened in H2 by unseasonably warm weather

** As of last close, GENG down 11.4% YTD

($1 = 0.7491 pounds)

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