Member Article

Healthy revenue and pretax profit upturn for Hartlepool's Stadium Group

Hartlepool-based Stadium Group plc has revealed an upturn in both revenue and pretax profit for the first half of the year.

A supplier of design-led technologies, the business specialises in connectivity solutions, power supplies, human machine interface products and electronic assemblies.

Releasing its unaudited interim results for the six months ended 30 June 2017, the firm this morning reported a 12.7% revenue increase to £27.4m up from £24.3m in the first half of last year.

Moreover, the global electronics manufacturer was pleased to announce a 13.6% leap in pretax profits to £1.8m, again up from £1.6m.

During the period, operational highlights contributing to the firm’s success included a strong showing of its technology Products division, which accounted for 61% of total revenues up from 57% last year.

Equally the business reported a record current order book of £30.8m, up 19% from £25.8m at 31 December 2016. The period also witnessed the company acquire the business and assets of PowerPax UK Ltd and appoint a new Finance Director during a busy period.

Nick Brayshaw OBE, Chairman, said: “We are very pleased with our performance in the first half of the year and the progress that we’ve made in establishing our position as a successful design-led technology business.

“We believe that our operating model, focused around strategically located regional design centres, manufacturing centres of excellence and regional fulfilment centres, will allow us to deliver further accelerated growth going forward.

“The continued positive momentum seen in the first half is further underpinned by our record order book and strengthening pipeline of new design wins which provides us with confidence in the full year outlook and beyond.”

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