Crown Paints has warned of "another challenging year" as it feels the impact of a rise in raw materials costs, inflation and increased competition.
The Lancashire-headquartered company added that it also expects a volume reduction of market growth in 2022, returning to pre-pandemic levels.
The updates come in newly-filed accounts for the 12 months to December 31, 2021, which show the firm's revenue dipped from £212.8m to £205.3m and its pre-tax profits went from £16.9m to £13.9m.
