Newspaper article Manchester Evening News

Ultimate Results for Oldham Firm

Newspaper article Manchester Evening News

Ultimate Results for Oldham Firm

Article excerpt

CONSUMER goods firm group Ultimate Products has seen revenues jump to £110m in its first set of full-year results since floating.

The business, based in Manor Mill in Oldham, sells brands including Beldray, Intempo, Salter, Constellation and Progress, and licensing agreements for brands including Russell Hobbs.

Ultimate Products has increased total revenues by 39 per cent, since joining the London Stock Exchange in March. Growth was driven by rises in sales to discounters in the UK and Europe, increased sales to the main UK supermarkets and its online platforms. Underlying EBITDA increased by 40pc to £11.5m while profit before tax increased by 18.7pc to £7.4m. Shareholders will be pleased to see a full-year dividend of 5.115p per share.

Simon Showman, chief executive of Ultimate Products, said: "I am very proud of what Ultimate Products and its staff have achieved over this reporting period. …

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