Burmatex outperforms after eco success
March 26, 2024
UK specialist contract manufacturer Airea plc has boosted sales and profits on the back of increasing demand in the commercial sector for sustainable products.
Best known for its Burmatex brand, Airea reported sales up 14.1% to £21.1m and profits up 13% to £2.6m in their final results for the twelve months ended 31 December 2023.
"AIREA made excellent progress in 2023, says Médéric Payne, Chief Executive Officer. "The growth was driven by an increase in demand for our more sustainable product ranges, with limited cost increases as raw material inflation eased through the second half of the year."
The group highlighted of the successful launch of two carbon-neutral products, arctic and osaka, and the refresh of two low-carbon products, infinity and go-to as key factors driving sales growth.
"This is a significant step change in the business, and we intend to continue to invest for future sales growth, incorporating the eco2matters principles and the journey towards net zero.," says Médéric. "Despite the current challenging economic conditions, we are pleased to report the Group has experienced a good start to the year."
As announced in January 2024, a £5.0m investment in the Company's manufacturing facility in Ossett, West Yorkshire will substantially increase capacity and include the automation of certain processes using the latest cutting-edge Artificial Intelligence imagery and inspection technology.
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