Carpet maker grows sales to £60m in challenging conditions

Carpet manufacturer Brintons has reported a growth in turnover and profit.

According to its latest filed accounts for the year ended 1 October 2022, total sales rose 12.5% to £60.1m from £53.4m in 2021.

EBITDA stood at £8.3m, rising from £7.3m, while pre-tax profit resulted at £1.7m, up from a loss of £4.2m recorded in the previous year.

Stated within its report, the company said the pandemic continued to impact in areas of the business, with increased costs in the supply chain and deferrals in projects, as well as the war in Ukraine, with the latter resulting in Brintons ceasing its business in Russia and Belarus.

Brintons took steps to mitigate these impacts by securing price increases globally and by implementing an energy efficiency drive across its plants.

“We enter the year with a strong order book and healthy pipeline of project activity,” Brintons commented on its outlook. “We are experiencing a noticeable uplift in the US market and our businesses in the Far East and Australia continue to perform strongly supported by new product launches.

“Whilst business across Europe remains more challenging, the UK continues to perform well, in part due to the earlier reduction in Covid restrictions compared to mainland Europe.”

Save this article for later

You can revisit this article if you save it as favourite news!

Leave a Comment

MORE ARTICLES

Steve Payne, Head of Feather & Black - part of the Dreams group, talks about how the brand continues to grow, future product expansion plans...