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Innovation boosts Burmatex results
January 24, 2025
Success in new product launches boosted carpet tiles specialist Burmatex with UK sales up 2.4% in 2024.
Overall, West Yorkshire-based AIREA plc saw a small improvement in sales for the year ended 31 December 2024, up 0.6% on 2023 to £21.2m but reported strong growth in the second half of the year with revenues up 6% on the same period in 2023.
The 2.4% increase in UK and Ireland annual sales overturns a deficit of 0.3% in the region in 2023. International sales were down 5.7% but this was a major improvement on the shortfall of over 20% in the first half of 2024.
In its statement to shareholders, the plc said: “There was strong demand for the Group’s carbon-neutral and low-carbon product ranges in the Period.During the second half, several successful product launches were well received by the market. Innovation and investment in sustainability are being accelerated across the Group to meet the growing needs of our customers."
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BUSINESS NEWS
The British Furniture Confederation (BFC), the public affairs umbrella body of furniture and beds, furnishings and flooring sector trade associations, has unveiled its new Plan for Growth. The document is said to support BFC’s advocacy across four key pillars: skills and education; trade and exports; standards and regulations; and the environment and circular economy. It has been developed over the past few months, the organisation says, evolving from a combination of position papers written by the associations’ executives and a comprehensive survey of their collective members.
Consumer card spending grew 1.0% year-on-year in February – lower than January’s 1.9% increase and less than the latest CPIH inflation rate of 3.9%, according to recent figures reported by Barclays. In anticipation of higher bills, consumers are said to be cutting back on essential outgoings, but still prioritising discretionary purchases, contributing to an uptick in optimism in the health of personal and household finances.
Kellars, which describes itself as the largest independent flooring wholesaler in the UK, saw another year of “substantial growth” to July 2024, according to its strategic report for the period. With six depots across the UK and a team of more than 100, the company has reportedly grown at a “rapid rate,” with the year leading up to July 2024 seeing a dramatic rise.
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