XYZ Machine Tools on track to repeat record-breaking year

XYZ Machine Tools has reported sales activity remains on track to repeat the success of the previous year, which was a record-breaker for the company.

“The positive attitude from customers, which saw us post an 11% increase in sales in the last financial year, appears to be continuing and booked orders remain strong, with May exceeding expectations,” said Nigel Atherton, managing director, XYZ Machine Tools. “This gives us confidence that the trend will continue here in the UK despite any continuing uncertainty over Brexit.”

Sales to UK manufacturing customers were also bolstered by continuing growth in business from mainland Europe, which showed an increase of 33% in 2018/19 along with sales to the education sector in the UK, which increased by 40%.

This positive start to 2019/20 bodes well for the Devon-based company which has ambitious plans for the coming year with new machine and automation launches, along with expansion plans to its existing network of UK showrooms. It also plans to create a new service centre and used machine facility along with further expansion into mainland Europe.

Mr Atherton added: “We are extremely encouraged and grateful for the continuing support of our customers, both here in the UK and across Europe and the indications are that the positive manufacturing sentiment will continue.”

XYZ Machine Tools www.xyzmachinetools.com