Bed manufacturer Relyon has reported positive results despite weathering challenging conditions related to the global pandemic.
According to its latest filed accounts for the period from 23 July 2020 to 30 September 2021, total sales reached £22.3m.
Gross profit resulted at £5.75m, while pre-tax profit stood at £583,000 with an EBITDA of £1m.
Stated within its report, the company, which also operates the Dunlopillo brand, said: “ During the reporting period, the business has had to trade in a time of considerable challenges created by the global pandemic. This manifested itself in reduced and volatile customer demand, due in part to the months of retail lockdown for non-essential furniture retailers.
“It also created unprecedented constraints in the global supply chain, which in turn resulted in longer lead times for supplies and extraordinary raw material price increases. This impacted our ability to supply finished products within our normal lead times and put pressure on margins due to the increase in direct material costs.
“Notwithstanding the challenges set out above, the business has achieved positive results.”