Novik expects record Q1 sales in 2012
April 19 2012 - 7:00AM
PR Newswire (Canada)
-- 19% First Quarter 2012 Sales Growth Expected QUEBEC CITY, April
19, 2012 /CNW Telbec/ - Novik Inc. is pleased to announce that it
expects to attain record first quarter sales of $5.4 million,
representing growth of 19% over sales of $4.5 million recorded in
the first quarter of 2011. Additionally, Novik expects Q1 2012
results to show year-over-year improvement in margins and
profitability. "We are very pleased with Novik's performance in the
first quarter of 2012," stated Michel Gaudreau, President &
CEO, "Novik is realizing sales growth in North America and margins
and profitability continue to improve. We have seen improvement in
sales with our major customers in this territory." Novik will
release its financial results for Q1 2012 on May 17, 2012, the day
on which it will hold its annual general meeting for shareholders.
The AGM will be held at 10am at Novik's head office in Quebec.
About NOVIK Novik 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 GaudreauPresident, Chief Executive OfficerTel. :
(418) 878-6161E-mail : micgau@novik.com Pascal BouthotChief
Financial OfficerTel. : (418) 878-6161E-mail : pasbou@novik.com
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