Leamington-based Aga Rangemaster has returned to profit but has warned that potential customers remain more nervous than six months ago.
The premium kitchen appliance specialist reported a pre-tax profit of £16.4 million for the first half of the year compared to a £2.4 million loss for the same period last year.
Revenues rose 5 per cent to £123.4m, with 62 per cent of sales from the UK, 23 per cent from Europe and 15 per cent from the rest of the world. The company has made particular headway in growing its exports to the near continent with sales particularly strong in France, the Netherlands and Belgium.
“We are moving into the key autumn selling season and the current level of leads across our brands does suggest a reasonable sales period ahead, although the consumer mood is currently more subdued than in the spring,” the company said.
“Against a background where consumers remain extremely cautious about committing to larger-value purchases, we do not expect a substantial profit rebound.”