Alexander Dennis has announced a sharp rise in turnover and profit thanks to a strong international sales performance.
The Falkirk-based firm’s turnover climbed from £357m to £481m last year, while pre-tax profits grew by 56% to £24.2m. ADL performed particularly well in its key markets of North America, Australasia and Asia Pacific, where total international turnover rose by 270% to £137m.
CEO Colin Robertson, said he expects the progress to continue in international markets for this year. He said: “While the macro outlook in the UK remains mixed, we are cautiously optimistic the strong financial performance in 2012 will be maintained in 2013.”
ADL now employs 2,400 staff worldwide and has seen its strongest performance in Asia Pacific, where turnover increased nearly three-fold after a particularly strong showing in Hong Kong. Domestically, it retained its 47% share of the UK bus market, which grew by 17% in 2012 to just over 3,000 new chassis registrations – its highest level for three years.
The company cited demand in the first part of 2012 in the build up to the Olympics as a factor, admitting the second half of the year saw a more cautious approach from customers wary of the ongoing UK economic outlook.