Altro, the specialist in flooring and wall cladding solutions, has reported continued growth in its latest financial results for the year ending 31 December 2024. Total sales rose by 1.8% to £129.5m, up from £127.2m in 2023, building on an 8.6% increase from the previous year.
© Altro
While UK sales declined by 3.7% to £84.4m, the company saw international growth. Sales in the US jumped to £17.8m from £13.5m, Australia climbed to £4.9m from £3.9m, and the rest of the world rose to £7.5m from £6.6m. EU sales fell slightly to £14.7m.
Pre-tax profit stood at £8m, down from £9m in 2023. The company attributed the steady performance to stabilised raw material costs and strategic pricing adjustments. Altro stated that 'operating profit has also recovered significantly as raw material prices stabilised', and performance was deemed 'satisfactory given the wider economic context'.
Looking ahead, Altro plans to strengthen both domestic and international markets while monitoring global economic shifts and potential US tariff impacts. The company remains focused on adapting to evolving market conditions and maintaining long-term growth.
Source: www.bigfurnituregroup.com
