Novik positive sales momentum
February 15 2012 - 7:00AM
PR Newswire (Canada)
-- 9% Sales Growth in Fiscal 2011 and 15% Growth in January 2012
QUEBEC CITY, Feb. 15, 2012 /CNW Telbec/ - Novik Inc. is pleased to
announce that it will release its 2011 financial results on March
1, 2012. Sales during 2011 reached another record, improving
9% over the previous year, and management initiatives resulted in
growth in both operating margins and net income. Michel Gaudreau,
Chairman of the Board and Chief Executive Officer of Novik,
commented that "Novik has been focusing on growing both our
revenues and our margins. We were able to improve sales and grow
market share in 2011 despite a difficult US housing market, and I
am pleased that the trend of increasing monthly sales is continuing
as sales realized in January 2012 were 15% ahead of last year and
bookings in February are continuing on this positive track. Our
focus on innovation and efforts to strengthen our distributor
network and retail store presence last year, continue to generate
healthy growth for our products." About NOVIK Novik (NVK) is a
leader in the design, manufacturer and distribution of innovative
polymer exterior siding, roofing coverings and accessories that
replace traditional materials such as stone, brick or wood
shingles. These products target the world-wide residential
and commercial construction industry. Forward-looking statements
contained in this press release involve known and unknown risks,
uncertainties or other factors that may cause actual results,
performance or achievements of the company to be materially
different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Novik Inc.
CONTACT: Source : Novik inc.For further information:Michel
GaudreauChairman of the Board and Chief Executive OfficerTel. :
(418) 878-6161E-mail : micgau@novik.comPascal Bouthot, CAChief
Financial OfficerTel. : (418) 878-6161E-mail : pasbou@novik.com
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