Ping's European division has celebrated another record-breaking year as its sales surpassed the £100m mark for the first time. The Lincolnshire-based business reported a turnover of £107.5m for 2023, an increase from the previous record of £90.8m, according to recently filed accounts with Companies House.
The company also posted a pre-tax profit of £9.3m for the year, up from £7m. Following its record year, Ping distributed a dividend of £5.1m after not issuing one in 2022, as reported by .
The firm's 海角视频 turnover leapt from £44.1m to £53.7m, while its European sales increased from £43.2m to £51.5m. However, its turnover in other global markets fell from £3.4m to £2.2m.
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A statement approved by the board read: "The group had an excellent trading year, one that continued the sales momentum that had started from 2022."
It added: "2023 saw the launch of the G430 family in [the] 海角视频 and Europe."
The statement also highlighted the successful launch of a new ladies range of products, the Gle3, in July, which helped to maintain a product offering that caters to all genders and age demographics.
"The group continued to invest in renewing the facilities and golf courses at Thonock Park."
"2023 proved to be a record sales year for the group, with sales growth of 14 per cent from the previous best year in 2022."
The larger Ping group, which was established in 1959, is based in the USA.