The Board is pleased to announce that, following a strong performance in Q4, the Group expects to
report full year revenue of £158.5m (2024: £147.8m). This is slightly ahead of market expectations and represents strong year-on-year growth (+7.2%)
Adjusted profit before tax for the year is expected to be £21.1m (2024: £15.3m), up 37.9%, which is a Group record and ahead of market expectations.
Year-on-year performances for the Groups three regions:
- EMEA – 9.4% growth to £123.9m (2024: £113.3m), driving by Consumer & Lifestyle and further by footwear revenue. After an extended period of strong growth, we anticipate that demand from our footwear customer will moderate in 2026 reflecting normalising inventory requirements. EMEA revenue also includes £2.0m from the recently acquired Overseas Konstellation Company S.A. (“OKC”).
- North America – 6.7% growth to £30.1m (2024: £28.1m) supported by strong performance in Transport & Smart Technologies with a strengthening of demand in Q4 of Construction & Other Industrial.
- Asia – £4.2m (2024: £5.1m) primarily in the Construction & Other Industrial vertical. This region will grow in importance once the Group’s Vietnam footwear manufacturing facility begins operations.
The Group has also agreed a new £90 million Multicurrency Revolving Credit Facility with £30m accordion option, on improved terms, with an enlarged syndicate that now includes, NatWest, Handelsbanken and HSBC. This facility, replacing the current £50m Multicurrency Revolving Credit Facility, will provide funding to support our strategic objectives and disciplined approach to capital allocation, including the ongoing strategic investments and selective M&A in line with our focused criteria.
For the full trading update, please click here.