The Fast-Growing Renewable Energy And Decarbonisation Markets
July 11, 2024
Sales were up 24% to £129.7m. This recovery was driven by high demand and retained contracts. However, profit before tax fell 53% to £1.1m due to net finance costs and exceptional costs.
In FY2023, significant progress was made in repositioning James Cropper to capitalise on growth opportunities within its core and emerging end-markets, such as the fast-growing renewable energy and decarbonisation markets which are in need of novel high-performance materials and sustainable fibres.James Cropper chief executive Steve Adams said: “We achieved a good performance for the year with 24% revenue growth in spite of unprecedented market headwinds.
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