Lincat shows double digit growth in latest results

Lincat posted a strong set of financial results for 2017.

British catering equipment manufacturer Lincat has posted a strong set of financial results for the 12 months ending 30 December 2017.

The Middleby Group-owned company recorded a £44.3m turnover, up 13.4% on 2016’s £39.0m, according to the latest publicly available annual report from Companies House.

Operating profit was also up by 17.7%, from 9.4m to 2017’s £11.0m, while EBITDA margin increased from 26.7% to 27.5%.

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Geographically, the vast majority of the firm’s turnover was generated in the UK in 2017, at £38.6m, with the remaining £5.7m coming from exports. However, this represented a 14.3% increase on the £5.0m generated by trade in the rest of the world in 2016.

Staff numbers also rose from 232 to 249 during the latest accounting period.

The directors stated in the report: “As for each year the company has an ambitious target for growth in EBITDA for 2018.

“The directors are confident of achieving the growth required to meet its target, building on the success of new products launched in 2016 and continuing strong growth in sales.”

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3 Comments

  1. The Oracle said:

    Or Maybe they have got the product mix right along with the price point and have an engaging MD who supports the right dealers whilst cutting through the internal red tape and making them a lean and mean operation

    • Rob Lowe said:

      A rather sycophantic response which misses the point that a 25% operating profit return is significantly more than most customers want to see a supplier achieving. To make such a return this company is quite clearly charging a premium for its products and services, whatever the ‘product mix’ or however entertaining they’re MD might or might not be. A piece of publicity that may well prove costly.

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