Hardwood supplier grows UK revenues

Austrian hardwood supplier Danzer has reported a growth in sales within its UK division.

According to its latest filed accounts for the year ended 31 December 2022, total sales rose 6.4% to £28.8m from £27m in 2021.

Pre-tax profit resulted at £865,000, slightly down from £1.6m recorded in the previous year.

Stated within its report, the company said that gross margin reduced from 13.6% to 11.2%, while net assets stood at £6.1m at the year-end.

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