Sales have increased and losses have narrowed for a UK-based mattress manufacturer, according to its most recent financial report for the year ended 30 June 2024.
Total sales reached £26.5m, marking a 23.8% increase from £21.4m in the previous year. Pre-tax losses were reduced to £3.6m, significantly down from £7.6m in 2023.
The company, Sealy UK, attributed the improved performance to the successful introduction of new product ranges in the second half of the year. It stated that these products incorporate "unique proprietary spring technology", which has played a key role in driving sales and contributing to future growth.
The directors and management remain focused on leveraging these innovations to further enhance both revenue and profitability. The company reported that it has continued to build on this momentum into the 2024/25 financial year.
Source: www.bigfurnituregroup.com