29 March 2024, 09:07
By Furniture News Apr 04, 2016

Furmanac reports five-fold increase in profitability

Furmanac, the UK’s largest manufacturer of adjustable beds and an industry leader in lift and recline chairs, has reported its most successful financial year to date, with five-fold increased profitability, following a year of heavy investment.

Financial director Michael O'Connor says: “The Furmanac team delivered a 16% increase in sales in the 12 months to June 2015 and a five-fold increase in profitability. This excellent financial performance heralds the start of this business realising its full potential and the ambitions of its management team.

"The business now has the momentum and confidence to deliver results in line with its strategic plan and we look forward to delivering our June 2016 results.”

2015 saw the company listed as one of 1000 Companies to Inspire by the London Stock Exchange, and the launch of its fifth brand, Hestia Motion.

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