Carpet maker recovers strongly post lockdown as sales rise

Carpet manufacturer Cavalier has reported a growth in sales and profit.

According to its latest filed accounts for the year ended 31 December 2021, total sales rose 35% to £26.4m from £19.5m in 2020.

Operating profit increased from £304,000 to £1.1m, while pre-tax profit resulted at £991,000, up 190% from £341,000 recorded the previous year.

Stated within its report, the company said UK sales increased 37% to £23.8m from £17.3m, while overseas sales rose 19% to £2.5m from £2.1m.

Cavalier added that despite a poor first quarter, largely impacted by Covid, the business recovered through strong demand post lockdown, which was driven by a combination of consumers not going abroad on holiday, increased disposable income, a rise in wear and tear as people were at home longer, and an increase in home decoration demand.

“The directors recognise that the market will become tighter in 2022 but remain optimistic that the company strategy of investing in the business will generate future growth,” the company said.

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