Contract fabrics supplier Camira has reported a decline in sales as profit fell into the red.
According to its latest filed accounts for the year ended 29 December 2024, total sales fell 4.9% to £54.2m from £57m in 2023.
Pre-tax losses resulted at £686,000, down from a profit of £554,000 recorded the previous year.
Stated within its report, the company said that UK sales were slightly down to £21.3m from £21.7m, while exports decreased to £32.9m from £35.3m.
“During 2024, the company saw some difficult trading conditions, sales volumes decreased overall in most geographical sectors.
“Operating profit decreased from a £0.5m profit to a £0.5m loss in the year; gross profit margin increased from 28.7% to 29.2%, however increased distribution and administrative expenses led to an overall reduction in profitability.
“The company continued to carefully monitor costs during 2024, but continued high prices and sluggish global economic growth put pressure on results.
“The UK and key territories in Europe saw decreased volumes year on year with the ongoing challenge of the contraction of the core Contract market.
“The US region saw increased volumes year on year, following the restructure of the US team during 2023 and 2024.”
