Investment drive has defence manufacturer well positioned | Business Doncaster
NEWS  >  Investment drive has defence manufacturer well positioned
7
Jun

Investment drive has defence manufacturer well positioned

MS International has increased its full-year revenue past the £50m mark, with the chairman of the Doncaster-based defence manufacturer and petrol station construction specialist saying the group was in "excellent shape" and well positioned for the future after "considerable investment".

MS International operates across four divisions; defence, forgings, petrol station superstructures, and petrol station branding, three of which increased revenue year on year.

Overall revenue for the business was up by 9.2 per cent reaching £53.82m for the year to 29 April 2017 compared to £49.28m the year before.

However investment in the business took a hit on the levels of profit before tax which dropped to £1.53m from £1.68m in 2016.

The business' petrol station superstructures division increased revenue by 26 per cent over the last year due to high demand for new station builds, upgrades, repairs and maintenance work.

MS International also believes that the complementary capabilities of station branding is having a positive impact.

The business' Polish operation successfully expanded into other markets and completed new station builds in twelve other countries around the world in addition to work in Poland.

In defence, the market was more tough for MS International due to the constraints placed on global defence ministries, though the business is continuing to invest in extensive new product development as well as essential international marketing campaigns.

Chairman Michael Bell said: "We believe that the group is in excellent shape and well positioned to achieve further progress following the considerable investment made across the various businesses.

"The order book is at a higher level than at this time last year; in particular there is a good level of orders in hand for both established and recently developed defence products.

"The new fork-arm facility in the United States has commenced some initial production and the prospects for our two divisions that service the petrol station market, look most promising."

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