Engineering firm narrows losses to supply and cost inflation | Jobs Vox


Yorkshire-based engineering firm 600 Group announced a half-year pre-tax loss of £800,000, despite a 12% increase in revenue.

Chairman Paul Dupi said supply issues and cost inflation in the wake of the COVID pandemic and the war in Ukraine have impacted profitability.

The firm said it has completed the disposal of its machine tool division while it focuses on its high-performance industrial laser division as it published its unaudited interim results on the London Stock Exchange.

Total revenue increased from £15m in the first half of 2022 to £17m in the six months ended 30 September.

The firm’s TYKMA electrolux division performed particularly well, with revenue up 20%, while its industrial laser division posted a 12% increase in revenue.

Paul Dupi said, “600 Group has now completed its transformation to target the high-margin, high-growth market of industrial laser systems. Our top-line results for the first six months of the year reflected double-digit revenue growth and, in particular The business is progressing well in transition to high-specification products with better margins, a key reason behind the Group’s revised strategy.

,Like many engineering businesses, our profitability has been impacted by supply issues and cost inflation following the COVID pandemic and conflict in Ukraine. However, we have taken a proactive approach to managing our operations and expect issues lingering from the extended construction time to clear the system by the end of the financial year.

“600 Group is a well-organized business with a low debt profile, agile operations and a large addressable market for applications across key future industries. With highly reliable technology solutions and a strong order book, we are well positioned to capture this market opportunity. are in good shape for

The firm said it has a healthy forward order book and inquiry pipeline, and will continue R&D to develop new techniques and technology, including its proprietary software.


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