Results11 Nov 2014 07:23
Great results, onwards & upwards.
2014 highlights
Ø Best six month's profit in the Company's history
Ø Gross margin up 130bps to 29.0%
Ø Overheads as a percentage of revenue reduced by 80bps to 19.4% over HY2013 period
Ø VIC acquisition in May 2014 has integrated well and contributed as expected during the period
Ø New investment in manufacturing plant initiated in Italy, Malaysia and Taiwan
Ø Continue to extend our geographic boundaries in the USA, Central Europe and Thailand
Ø Additional sales engineers recruited, inducted and starting to introduce new business
Ø Sales to distributors from Lancaster Fastener growing well into most of EU