A solid start to the year has been reported for a UK-based flooring company, with sales for the four months to 30 April 2025 up 2.6% on the previous year. This follows a year of overall progress, despite mid-year headwinds, and reflects confidence in continued growth momentum.
While an early-year slowdown affected the second quarter of 2024, strong performance in the latter half helped deliver full-year revenue growth of 0.6%, reaching £21.2m. Underlying operating profit stood at £1.6m. A proposed dividend of 0.6 pence per share marks a 9.1% increase, aligning with the group's progressive dividend policy.
UK-based AIREA plc shared these results during its seventy-first Annual General Meeting. The board highlighted key developments, including a triennial valuation and recovery plan for its defined benefit pension scheme and the ongoing marketing of its £4.1m investment property, which it has opted to divest.
Strategic investments continue to shape AIREA's future. The opening of a new showroom in Dubai in January 2025 is aimed at boosting sales across the GCC, MEA, and Indian markets. Meanwhile, upgrades to its manufacturing facility are nearing completion.
Product innovation also remains a core focus, with strong demand for the company's carbon-neutral and low-carbon flooring ranges. The successful launch of its rocklines® and threads® collections contributed to early gains in 2025.
The board expressed confidence in maintaining growth, citing sustainability, transformation efforts, and international expansion as key drivers for the year ahead.
Source: www.bigfurnituregroup.com