University of warwick science park blog

Sprue Aegis reports strong results

Sprue Aegis, which is based in the University of Warwick Science Park’s Vanguard Centre, is looking forward to another positive 12 months after reporting a record year in 2015.

The company, one of Europe’s leading home safety product suppliers, said 2015’s sales and operating profit were both ahead of market expectations.

In a statement, Sprue said that a significant increase in sales into France in the first half of 2015 was the principal driver of the 34 per cent increase in European sales in the year compared to the previous year.

UK sales were up by 33 per cent compared to 2014 largely due to higher carbon monoxide detector sales as a result of the introduction of landlord legislation and increase marketing activity by Sprue.

The statement said that while ‘the Board expects the 2016 full year results to be in line with market expectations, consistent with historical trading patterns, the results are expected to be strongly weighted towards the second half of the year with sales into Continental Europe, UK Retail and UK Trade anticipated to be significantly stronger than in the first half.’