Ultimate Products reports rise in half-year revenue

Ultimate Products, the owner of several homeware brands including Salter, has posted a rise in half-year revenue.

Unaudited group revenues for the six months to 31 January 2023 increased 2 per cent to £87.6m at the listed outfit. Online channels were the main driver of growth.

Simon Showman, chief executive, said: “Amidst a tough economic climate, we are delighted that our products, especially those that are energy efficient and money saving, continue to resonate strongly with consumers.

“Global supply chain disruption has now eased, which has improved stock availability and supported the growing demand from our online customers.”

“Looking ahead, we expect that the current softness in global shipping pricing, as well as the partial recovery in Sterling, will provide additional relief against the ongoing inflationary backdrop.”

Showman added: “We are increasingly excited by the positive impact that our robotics process automation programme is having on our business.

“Our bottom-up, demand-led approach to automation enables us to concentrate efforts on the items that can most improve productivity, and this will ultimately enhance operating margins and drive an even better customer experience.”

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