Summary
Havelock Europa is to divert resources from its traditional retail interiors operation into its fast-growing school and healthcare furniture business on the back of what it says is a guaranteed doubling of a market where it has a 45% market share.
The Fife-based group reported a 20% rise in pre-tax profit to (pounds) 4.7m on turnover up 12% to (pounds) 97.7m, but admitted that its long-established work for retailers, banks, and hotels had lifted turnover by over a third to (pounds) 52.3m but contributed virtually no profit.See the full content of this document
Extract
Havelock Switches Focus As Full-Year Profits Rise 20%
Havelock is now looking for an acquisition in the educational furniture sector, where its ESA McIntosh arm acq...
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