THE COMPLETE HOME FURNISHER

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.

LATEST ARTICLES

Kitchen retailer launches industry-first mobile app

8 January 2020

Wren Kitchens has launched a ground-breaking mobile app so customers can easily manage the process of purchasing a kitchen every step of the way.

Mattress recycling and sustainable designs encouraged

7 January 2020

A new research partnership has been set up with the aim of increasing mattress recycling and more sustainable design.

Bensons for Beds brings hotel-style living to the high street

7 January 2020

Bensons for Beds is promising to bring luxury hotel-style living to the home with the launch of its Adeline bed frame.

Whitemeadow to launch new-look stand at JFS 2020

7 January 2020

Whitemeadow, the largest independently-owned British upholstery manufacturer, has invited the industry to join them in celebrating 25 years in business at JFS 2020.

Simba agrees $24m investment

6 January 2020

Simba, which produces the multi-award winning Simba Hybrid® mattress range , has agreed to a $24m investment to fund its global sleep ambitions. The latest investment, which comes as Simba achieves profitability in core markets, brings a cash injection from Cartesian Capital Group. The funding will be used to help Simba grow profitability in core markets, accelerate and deepen Simba’s existing business