Record breaking six months boosts XYZ’s year-end figures

Given that recovery from lockdowns was slowly gathering pace, XYZ Machine Tools was understandably happy when in the first six months of its just ended financial year sales totalled £12 million.

This figure was seen as encouraging – however, better was still to come with the last six-months of the year far outstripping that performance, adding a record breaking £21 million to the turnover, giving a total of £33 million.

“At the end of the six months we were happy with sales in the first half of the year, but to set a company record for a six month period to close out the year is a fantastic achievement and is testament to the hard work and dedication shown by everyone at XYZ,” commented Nigel Atherton, managing director.

The sales of £33 million bring the company back to pre-COVID levels of business with the resurgence driven, in part, by the latest ProtoTRAK RX touchscreen control system used across the company’s bed mill and lathe ranges along with a significant and improving situation in the education and general industrial sectors, with confidence running high among customers in the general subcontracting arena.

The challenge now is to maintain this growth and the opening of two brand new showrooms in 2022 will play a role in achieving that. XYZ has just received the keys to its new facility in Poland, which will enhance its presence in the eastern European marketplace. In addition, a further UK showroom in Huddersfield will open its doors in the near future to better serve customers in the North East and North West of England with ease of access along the M62 corridor across the Pennines.

XYZ Machine Tools

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