Continued recovery for Pittards
01/10/2021
Leather and leathergoods producer Pittards has reported a 46% rise in revenues for the first half the year, with a sales order book the highest it has been in two years.
Revenues reached £9.7 million, with earnings improving by £2.1 million compared with the first half last year. It invested £800,00 in new equipment.Highlights included its entry into new markets showing positive returns, an "enouraging" order book for the Ethiopian finished-goods business, and the launch of its Tri Protex antimicrobial leather. It is also developing an advanced fire-retardant leather for rail applications.
Pittards CEO Reg Hankey said: "There have been clear signs of a continued recovery in sales since the half year, evidenced by a progressively improving order book. We continue to see more opportunity than risk in the ‘new normal’ that is emerging from the pandemic.”
Chairman Stephen Yapp added: “We are looking forward to the next phase of profitable growth and reporting continued progress at the full year."