Bed group GNG saw sales and profits rise in the past year.
Parent PKW Group Holdings, which owns GNG Group and GNS Sport, saw sales rise by 6% to £13.14m in the year to 31 August, ‘reflecting continued demand for performance foam products within the healthcare, sports, safety and mattress sectors.’
Gross profits rose by 4% to £5.16m. The group says this showed ‘consistent operational efficiency and the strength of long-standing customer relationships.’ Operating profit was £389,777.
The group had a cash balance of £1.85m with no bank borrowings.
‘We are pleased with this year’s performance, which highlights the resilience of our business model and the strength of our teams across the group. This has been built over a 40-year period of trading. Continued demand across our core markets, combined with investment in our production facilities, gives us confidence as we look ahead. Our focus remains on delivering quality, reliability, and long-term value to our customers,’ says the company.
