Dyson announces record profits

By May 27, 2010Articles

Dyson announces record profits

UK manufacturer Dyson, best known for its innovative Domestic Cleaning vacuum machines, enjoyed a record year of profits in 2009, new figures reveal.

The company more than doubled its earnings last year, with operating profits of £190 million in 2009 – up from £90 million in 2008.

Dyson’s significant increase in turnover was driven largely by a surge in demand for its new house cleaning product launches, including a new range of handheld vacuums, which caused a further spike in sales in the first three months of 2010.

Martin McCourt, chief executive of Dyson, said the company has plans to launch a further range of products and designs, many of which are outside of its traditional vacuum cleaner market.

“We’re ten times bigger than we were in 2000,” he told the Press Association. “We’re doubling our engineers so we can continue to grow and invent new machines. [This] demonstrates that Britain can compete in high-tech exports if it invests in long-term research and development.”

Dyson, which recently unveiled the new Air Multiplier desk fan in Europe and the US, spent £42 million on research and development last year.

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Posted by Teodora Ivanova

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