Leading Rotherham company, AESSEAL, has posted their latest financial results and is expecting to continue the uninterrupted sales growth seen over the last 30 years.
AESSEAL specialise in the design and manufacture of mechanical seals, bearing protectors and environmental control systems for process equipment, maximising reliability and protecting the environment from leakage. Their products are crucial to sectors including oil & gas, pharmaceutical, mining and power generation.
In its annual results to 31 December 2011, the Templeborough company reported that sales were up 19.5% to £123.9m and EBITDA (earnings before tax) was £22.8m, up 22.9%.
AESSEAL, which is backed by international investors, 3i, enjoyed a rise in operating profit to £18.2m.
They reached a landmark in their continued growth by passing the £100m mark for sales for 2010, the first time that the sum has been reached in a calendar year in the history of the company.
Amazingly, despite breaking the £100m annual turnover barrier, sales are expected to rise from £123.9m in 2011 to £150m by 2012.
The aim is to reach sales of £200m by 2015 and to be the number one in the world in 2029.
They won the Queen's Award for Enterprise 2011 for international trade (their 12th overall), recognising that over six years the company's overseas earnings have more than doubled and three-quarters of its output are now exported to its markets in more than 100 countries.
90% of sales are from outside of the UK, with sales to North America and emerging markets contributing strongly to sales growth in 2011.
Chris J. Rea, OBE, managing director at AESSEAL, said: "Whilst the UK economy hovered on the edge of recession for much of 2011, at AESSEAL we have managed to further strengthen our global sales. This is through continued investment in our customer value proposition."
AESSEAL's guiding principles focus on innovation and customer service. AES employment levels rose by 5% overall to 1,331 during 2011, with an increase of 25%in direct customer facing employees. AESSEAL also invested in stock, which rose £4m year on year. This was done to provide faster delivery to more customers.
Other highlights included the growth through the acquisition of Absolute Vacuum in the UK and two key acquisitions within the core US market.
At their global headquarters in Rotherham, experts have been working on new products for hydrocarbon applications and the development of dry gas seal technology for compressors.
Rea added: "We have made significant product technology and customer service infrastructure investments over the last decade, and I believe we are seeing the benefits.
"I also believe that more businesses need to operate a culture of empowerment – particularly within international markets. People need to take ownership of the results, supported by competent management and solid processes from the central organisation. I think too many international businesses either exercise too much or too little control. At AESSEAL we place a huge amount of importance on empowerment, but with high standards and robust processes."
AESSEAL website
Images: AESSEAL
AESSEAL specialise in the design and manufacture of mechanical seals, bearing protectors and environmental control systems for process equipment, maximising reliability and protecting the environment from leakage. Their products are crucial to sectors including oil & gas, pharmaceutical, mining and power generation.
In its annual results to 31 December 2011, the Templeborough company reported that sales were up 19.5% to £123.9m and EBITDA (earnings before tax) was £22.8m, up 22.9%.
AESSEAL, which is backed by international investors, 3i, enjoyed a rise in operating profit to £18.2m.
They reached a landmark in their continued growth by passing the £100m mark for sales for 2010, the first time that the sum has been reached in a calendar year in the history of the company.
Amazingly, despite breaking the £100m annual turnover barrier, sales are expected to rise from £123.9m in 2011 to £150m by 2012.
The aim is to reach sales of £200m by 2015 and to be the number one in the world in 2029.
They won the Queen's Award for Enterprise 2011 for international trade (their 12th overall), recognising that over six years the company's overseas earnings have more than doubled and three-quarters of its output are now exported to its markets in more than 100 countries.
90% of sales are from outside of the UK, with sales to North America and emerging markets contributing strongly to sales growth in 2011.
Chris J. Rea, OBE, managing director at AESSEAL, said: "Whilst the UK economy hovered on the edge of recession for much of 2011, at AESSEAL we have managed to further strengthen our global sales. This is through continued investment in our customer value proposition."
AESSEAL's guiding principles focus on innovation and customer service. AES employment levels rose by 5% overall to 1,331 during 2011, with an increase of 25%in direct customer facing employees. AESSEAL also invested in stock, which rose £4m year on year. This was done to provide faster delivery to more customers.
Other highlights included the growth through the acquisition of Absolute Vacuum in the UK and two key acquisitions within the core US market.
At their global headquarters in Rotherham, experts have been working on new products for hydrocarbon applications and the development of dry gas seal technology for compressors.
Rea added: "We have made significant product technology and customer service infrastructure investments over the last decade, and I believe we are seeing the benefits.
"I also believe that more businesses need to operate a culture of empowerment – particularly within international markets. People need to take ownership of the results, supported by competent management and solid processes from the central organisation. I think too many international businesses either exercise too much or too little control. At AESSEAL we place a huge amount of importance on empowerment, but with high standards and robust processes."
AESSEAL website
Images: AESSEAL
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