Lucy Group Delivers Record Results in 2013
The Group is pleased to announce a record set of financial results for 2013.
For the year ended 31 December 2013, sales grew by 21% to £152m (2012: £125m), despite uncertain market conditions. Group profit before tax more than doubled to £14.9m (2012: £6.9m) even after allowing for exceptional costs relating to restructuring and start-ups, whilst the Group’s Real Estate business delivered a strong set of results: rental income stood at a record £6.2m.
With organic sales growth of 20% and acquisitions contributing 1% of Group revenue during the year, the Group made steady progress towards its strategic objective of delivering long-term value via acquisitive and organic growth.
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