Consumer electronics repair and outsourcing company Regenersis has seen group revenue leap by 28% to £179.7m, as it continues its drive to deliver double digit sales and earnings growth by focusing on emerging markets.
Announcing its preliminary results for the year to June 2013, the company said headline operating profit rose 22% to £9.5m whilst operating profit more than doubled to £7.1m from £2.1m in 2012.
Executuve chairman Matthew Peacock said: ‘Regenersis has delivered another strong performance,from the revenue line down to EPS growth, as well as excellent free cash flow. Consistent with our strategy set out in 2011, the opportunity exists to maintain these levels of growth for the foreseeable future. We have invested in our management team to continue the pace of progress and expect future success.’
He added: ‘I believe we will look back on 2013 as a year in which we laid the foundations of a very competitive and successful business. ‘
The company is entering its third year of a strategy to deliver double digit sales and earnings growth.
Peacock said: ‘ Not only have we met our initial goals but the progress we are making in the group means the opportunity to maintain these levels of growth is now available to us for the foreseeable future.’
The company has extended its operations into Spain, Mexico, Argentina, Sweden, India and the USA over the past 12 months with the company now running 21 depot sites and 105 retail units in 13 countries and employing over 3,750 people.