Poujoulat's share price fell by more than 8% on Tuesday morning on the Paris Bourse after the fireplace and wood specialist announced a downward revision of its annual targets due to difficulties in the construction sector.

The manufacturer of chimney flues and industrial chimneys announced last night that it was now only expecting consolidated annual sales of between 390 and 395 million euros.

Previously, it had been aiming for growth of between 5% and 7% on sales of 402 million euros in the previous financial year.

After a first quarter that exceeded expectations, second-quarter business remained stable, resulting in a 4.2% rise in consolidated sales to 175.3 million euros for the first half as a whole, to the end of September.

In its press release, the Group acknowledges that it is having to cope with the initial effects of the slowdown in consumer spending and the worsening economic environment.

As a result of these tensions, it has decided to be "cautious" for the second half of the year, particularly in view of the difficulties in the construction sector, which it expects to intensify in the coming months.

At 10:30 a.m., the share price was down more than 8%, posting a decline of almost 33% since the start of the year.

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