Wilkinson Sword has made a return to profitability for the first time since the onset of the Covid-19 pandemic, according to its latest financial results.
The company, based in High Wycombe, reported a pre-tax profit of £7.2 million for the year ending 30 September, 2024, marking its first profit since it recorded a £337,000 surplus for the year to 30 September, 2020.
Following that period, Wilkinson Sword had faced losses exceeding £37 million pre-tax. This turnaround to a pre-tax profit comes after the business experienced a loss of £10.3 million in the preceding 12 months.
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Newly filed accounts with Companies House reveal that the firm's turnover climbed from £132.4 million to £146.7 million during this interval, as reported by .
In the 海角视频 market, sales increased from £64.3 million to £67.1 million over the year, and in Europe, from £66 million to £78.1 million.
However, the company saw a decrease in turnover in other global markets, dropping from £2.1 million to £1.5 million.
In a statement endorsed by the board, Wilkinson Sword acknowledged: "The profit in the current year results from increase of sales, lower production costs of PBG products, higher recharges of global and regional expenses partially compensated by investment in marketing of Bulldog products and impairment of investment in an associate."
The statement also highlighted the company's robust financial position and anticipated that: "The external commercial environment is expected to remain competitive in the next financial year.
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"The company continues to seek opportunities to increase sales, market share, profit and maximise future opportunities."
Wilkinson Sword, originally established in County Durham in 1772 as a gun manufacturer, is currently under the ownership of the American firm Edgewell Personal Care.
The US parent company came into existence in 2015 after separating from Energizer.