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Textiles firm posts ninth straight year of growth

Textiles supplier Camira Fabrics has reported a ninth straight year of turnover growth as sales surpassed the £70m milestone.

According to its latest filed accounts for the year ended 31 December 2018, total sales rose 15% to £74.6m from £64.9m in 2017.

UK sales rose 13% to £28.5m from £25.2m, whilst sales outside the UK also increased 16.1% to £46.1m from £39.7m year-on-year.

Gross profit increased 10.5% to £29.3m from £26.5m, whilst pre-tax profit resulted at £8.5m, slightly down from its profit of £10.2m the previous year.

Stated within its report, the company said that the UK market continued to perform well with revenues rising due to successful strategies in place, whilst overseas sales surged, particularly in Southern and Central Europe with Germany and Scandinavia reaching record levels.

North America and China also proved to consistent in performance.

Looking ahead, Camira said 2019 has been ‘very strong’ with continued growth in sales and orders across all key markets. It has also strengthened its UK team whilst actively recruiting in the USA and Asia to drive future growth.

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