Novik positive sales momentum

  • 9% Sales Growth in Fiscal 2011 and 15% Growth in January 2012

QUEBEC CITY, Feb. 15, 2012 /CNW Telbec/ - Novik Inc. (TSXV: NVK) 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.

SOURCE Novik Inc.

For further information:

Source :  

Novik inc.

For further information:

Michel Gaudreau
Chairman of the Board and Chief Executive Officer
Tel. : (418) 878-6161
E-mail : micgau@novik.com

Pascal Bouthot, CA
Chief Financial Officer
Tel. : (418) 878-6161
E-mail : pasbou@novik.com

Organization Profile

Novik Inc.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890