Flooring group sees UK sales approach £100m

Flooring manufacturing group Karndean has reported another growth in sales and profit.

According to its latest filed accounts for the year ended 31 December 2022, total sales were up 2.3% to £110.4m from £107.9m in 2021, further adding to its growth of 25.4% from £86m in 2020.

UK sales rose 3.9% to £95.8m from £92.2m, while EU revenues decreased to £13.1m from £15.3m.

Pre-tax profit resulted at £16.6m, up from £15.6m recorded the previous year.

Stated within its report, the company said: “The strong performance seen in 2021 as pent-up demand was released when all restrictions were lifted continued into 2022.”

As for its parent group, total global sales rose 5.6% to $401m from $379.7m, with pre-tax profit resulting at $6.3m, significantly improving from a loss of $1.5m.

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