Bathroom products maker has lowered its forecast for this year, saying the slowdown in the Irish housing market and higher interest rates would have a bigger effect on its performance than it previously thought.
In a trading statement, the company said it expected sales for the year to be 8-9% below current market expectations, while pre-tax profits would be around €2.4m. It already reported pre-tax profits of just under €2m for its first half.
Qualceram said competition was strong in all of its markets, and it was committed to further cost cuts.
Shares in the company closed down 25 cent at €1.05 in Dublin.
