Newly-published annual results for Steeton-based Acorn Stairlifts show that the global business remains in a strong position despite the impact of the global COVID-19 pandemic.
Turnover for the business was £230.6 million, down from £241.1 million in the previous year, while profit after tax was £34.7 million, up from £23.1 million.
Non UK turnover, showing how much of Acorn’s income is from overseas markets, remained virtually unchanged at 71.1%.
Group Finance Director Joanne Richardson (pictured) said: “With most of the world in lockdown, it was inevitable that we would install fewer stairlifts globally during the period covered by this report, but we recovered quickly. These are a positive set of results and a credit to everyone working for Acorn through what has been one of the most challenging periods in the company’s history.”
As part of the medical and social care supply chain, Acorn said it had continued to operate throughout the COVID-19 pandemic to service and protect the ongoing needs of its customers.
The business said COVID-19 and the resulting lockdowns initially had a negative impact on turnover, but it had reacted quickly and achieved a level of recovery beyond what was predicted.
As well as its UK business, Acorn operates throughout Western Europe, the USA and Canada, Australia and New Zealand, and South Africa. All of its stairlifts are manufactured in the UK, at factories in Steeton and Shipley, West Yorkshire, and at Haddington, near Edinburgh.