The UK division of Belgian carpet manufacturer Associated Weavers International has reported a decline in sales but did return to profit.
According to the latest filed accounts for AW Europe ended 31 December 2024, total sales fell 9.3% to £52.3m from £57.7m in 2023.
Pre-tax profit resulted at £2.8m, improving from its loss of £338,000 recorded the previous year.
Stated within its report, the company said: “In 2024, A.W. (Europe) Ltd continued to build on the brands with some strong additions to the Invictus and GAIA brands into the UK market. Consumer confidence was still low during the year which reflected in volumes especially with our larger national customers.
“Obviously, the disappearance of Carpetright also did not help. LVT (Luxury Vinyl Tiles) continued to grow and carried on gaining momentum, taking market share from market leading competition. Turnover increased with another 32% in 2024 against 2023, due to a strong marketing campaign and increased presence at point of sale in the market.
“In 2025, we will present a number of new ranges of broadloom tufted carpet to our customers and will continue to build on the existing brands. We continue to look for sustainable raw materials to produce quality products for our customers. We will start to see the full benefit of our Northampton cut length operation and the growth in market share with our independent retail customers.
“More point of sale will be placed in the market as the Luxury Vinyl Tiles gains further momentum and we will strengthen our product offering to our customers in the summer period with an updated collection.”
