Unipart announces record performance for year ending 31 December 2024
Highlights
Turnover increased to £1,081.1m, up 3.2% year-on-year
Underlying PBIT grew 29.5% to £28.1m
Balance sheet strengthened - net cash position at year-end of £25.1m, a £27.0m improvement, net assets increased by 72% to £119.3m
Invested in two acquisitions to bolster UK manufacturing capabilities and rail sector offer in Australia
Launched operations in Saudi Arabia and Vietnam, Unipart's 21st and 22nd markets
Recognised for and sustained world-class safety performance
Continued delivery of net zero commitments through carbon reduction
Celebrated 50th Anniversary of the Unipart brand
OXFORD, United Kingdom, April 02, 2025 (GLOBE NEWSWIRE) -- Unipart, the supply chain performance improvement partner, has announced another strong year of growth and expansion in 2024.
Turnover increased to £1,081.1m (2023: £1,047.9m) and underlying profit before interest and tax increased to £28.1m (2023: £21.7m). The company also improved its financial position through achieving a net cash surplus of £25.1m at year-end, demonstrating robust operational efficiency and capital discipline.
Darren Leigh, Unipart Chief Executive Officer, said: "I am proud of Unipart's outstanding financial and operational performance in 2024, the same year we celebrated the 50th anniversary of the Unipart brand. We have delivered strong order book and revenue growth and significantly improved profitability, and made great progress in delivering our growth strategy and being a supply chain performance improvement partner for our customers.
"Alongside strong financial results, we invested both across our operations and in several strategic acquisitions to grow our supply chain offer for customers. The launch of our new operations in Saudi Arabia and Vietnam, bolstering of our UK manufacturing capabilities, and acquisition in the rail sector in Australia reinforces our ambition to be the driving force behind efficient, resilient, sustainable supply chains. Looking ahead to 2025, we are focused on accelerating our digital and AI-driven capabilities, expanding our partnerships, maintaining our unrivalled commitment to safety and further embedding sustainability across our operations.
"Thank you to our people, who by keeping The Unipart Way at the heart of everything they do continue to add the most value for our stakeholders, and thank you to our customers and partners for their continued trust and collaboration."
Business growth
Unipart secured several major contracts and expanded its customer base throughout 2024. The acquisition ...
https://www.benzinga.com/pressreleases/25/04/g44600995/unipart-announces-record-performance-for-year-ending-31-december-2024