Momentum improves for Pressure Technologies

SPECIALIST engineering group Pressure Technologies said it was seeing improved momentum across the group, despite suffering a half year loss before tax of £2.6m
By The Newsroom
Published 13th Jun 2017, 10:08 BST
Updated 15th Jun 2017, 09:40 BST
Pressure Technologies' chief executive John HaywardPressure Technologies' chief executive John Hayward
Pressure Technologies' chief executive John Hayward

In the 26 weeks to April 1 2017, the Sheffield-based group’s revenue was £17.7m, compared with £16.2m in the same period the year before.

John Hayward, the CEO of Pressure Technologies, said: “Our manufacturing divisions are now experiencing an upward trajectory in sales revenue and profits.

Hide Ad
Hide Ad

“Several strands of market and product development should provide the momentum to maintain this progress. The restructured Alternative Energy Division has a solid platform on which to grow.

“While timing of orders continues to be a source of frustration there are clear signs, particularly in North America, that significant market growth can be expected over the remainder of the decade.”