Confident outlook for flooring firm after a year of progress
Specialist flooring company, AIREA, says a major investment in its manufacturing facility is nearing completion, with the group well placed for profitable future growth.
The Ossett-based company adds that it has made an encouraging start to the year, with revenue for the four months to 30 April 2025 ahead of the prior year by 2.6 per cent.
In his statement at the firm’s Annual General Meeting today – 7 May – non-executive chairman, Martin Toogood, said AIREA is confident of making further progress in 2025.
He said: “I am pleased to report a year of progress in 2024, against a backdrop of economic and geopolitical challenges.
“The group took the decision to divest its investment property, which has a current carrying value of £4.1m. The property is currently being marketed for sale.
“The opening of the group’s new showroom in Dubai in January 2025 is another example of its investment for future growth. This will act as a strategic hub to drive sales across the GCC, MEA regions and India.”
As previously reported, after a strong start to 2024 the business experienced an unforeseen slowdown in the second quarter.
However, strong sales growth of six per cent in the second half resulted in a full year revenue of £21.2m, an increase of 0.6 per cent, with an underlying operating profit of £1.6m.
