Hardwood supplier grows UK profit; sales down

Austrian hardwood supplier Danzer has reported a decline in sales within its UK division.

According to its latest filed accounts for the year ended 31 December 2024, total sales fell 8.9% to £20.2m from £22.1m in 2023.

Pre-tax profit resulted at £102,000, up from £28,000 recorded in the previous year.

Stated within its report, the company said that gross margin reduced from 11.4% to 11.3%, while net assets stood at £5.6m at the year-end.

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