Revenue at the 海角视频 division of New Balance has soared beyond £1bn for the first time, according to newly disclosed figures.
The Cheshire-based operation has recorded a turnover of £1.02bn for 2024, fresh accounts lodged with Companies House demonstrate, as reported by .
This figure represents an increase from the £882.1m achieved in 2023, the £679.7m reported in 2022 and £413.5m in 2021.
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The findings also reveal that New Balance's pre-tax profit leapt from £148.2m to £192.3m in 2024.
These latest figures follow the company's return to pre-tax profitability in 2022, having last achieved this milestone in 2014.
Within the 海角视频 market, New Balance's turnover climbed from £265.6m to £301.1m, whilst across the remainder of Europe it grew from £606.3m to £710.5m.
Across other global markets, the firm's sales expanded from £10.2m to £14.4m.
New Balance focuses on running and football.
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A statement endorsed by the board declared: "The year-on-year improvement was driven by sales and margin growth across wholesale and direct-to-consumer channels, where both consumer demand and brand strength continued to increase.
"There was a similar uplift in inter-company sales as the trend seen within the 海角视频 market was largely replicated across other subsidiaries.
"Despite the increase in inter-company sales our inter-company receivables balances have reduced year on year due to subsidiaries settling their balances sooner.
"Cost base management alongside considered investment for growth, continues to be a primary focus, and as with previous years there was ongoing investment in the 海角视频, particularly in both the running and football categories."
The New Balance accounts emerge following the most recent figures for Adidas 海角视频, which demonstrated turnover growth from £1.12bn to £1.28bn in 2024. Its results, recently lodged with Companies House, showed pre-tax profits soared from £30.8m to £45.8m as well.
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