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Union BFT 130-6
Make: union
Type: horizontal-boring-mill-table-type
Model: BFT 130-6
Spindle diameter (mm): 130
Make: union Type: horizontal-boring-mill-table-type Model: BFT 130-6 Spindle diameter (mm): 130 ...
Harry Vraets Machinery

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Record-breaking six months boost full-year results for XYZ

Posted on 10 May 2022 and read 469 times
Record-breaking six months boost full-year results for XYZGiven that recovery from Covid-19 lockdowns was slowly gathering pace, XYZ Machine Tools was understandably pleased when, in the first six months of its just ended financial year, sales totalled £12 million. However, better was still to come with the second six months of the year far outstripping that performance, adding a record-breaking £21 million to the turnover — £33 million for the full year.

Managing director Nigel Atherton said: “At the end of the six months we were happy with the sales in the first half of the year, but to set a company record for a six-month period to close out the year is a fantastic achievement and is testament to the hard work and dedication shown by everyone at XYZ Machine Tools.”

The sales of £33 million bring the business back to pre-Covid levels of business with the resurgence driven, in part, by the latest ProtoTRAK RX touchscreen control system used across the company’s bed mill and lathe ranges along with significant and improving situation in the education and general industrial sectors, as well as increased confidence among customers in the general sub-contracting sector.

The challenge now is to maintain this growth and the opening of two new showrooms in 2022 will play a role in achieving that. A new facility in Huddersfield will open its doors in the near future to better serve customers in the North East and North West of England with ease of access along the M62 corridor across the Pennines.

XYZ Machine Tools has also just received the keys to its new facility in Poland, which the company is confident will become also a very good market for the company and enhance its presence in Eastern Europe.