Nonwovens supplier returns to profit growth

Technical nonwovens provider AMR Textiles has reported a slight decline in turnover as gross sales remained in the direction of £30m.

In response to its newest filed accounts for the yr ended 31 March 2024, whole gross sales fell 3.1% to £27.7m from £28.6m in 2023.

UK gross sales dipped 3.6% to £26.6m from £27.6m, whereas exports to the EU elevated 10.4% to £1.1m from £996,000.

Pre-tax revenue resulted at £2.2m, up from £498,000 recorded within the earlier yr.

Said inside its report, the corporate, which provides polyester and pure merchandise to the high-end furnishings and bedding industries in addition to varied different sectors, stated: “Margins remained unstable because of the common variations in uncooked materials costs, change charges and elevated power prices and confirmed a decline this yr to 17.9% from 10.9%.”