Revenue for continuing operations in 2010 was £499.8m (£435.4m in 2009).
“2010 saw a notable and pleasing improvement in the performance of the Group. Better macro economic conditions were an important contributor to this and the underlying ability of the business to deliver consistently superior value has been strengthened considerably,” said Stephen Harris, Chief Executive. According to Harris, the company’s total revenue growth was well ahead of market improvement, helped by the reorganisation of the group into market focused divisions: Aerospace, Defence & Energy (ADE) and Automotive & General Industrial (AGI).
Harris anticipates that automotive and general industrial business will continue to grow at a reasonable pace. While aerospace, defence and energy demand has begun to recover, the power generation segment remains soft, with the timing of improvement still unclear.
“The Board is confident that 2011 will be another year of growth for Bodycote, albeit at a less rapid rate than experienced in 2010,” said Harris.
