BMT Group Ltd (BMT) has announced a solid financial performance for the year to 30 September 2013. Although market conditions have been challenging, BMT secured revenues of £163.3m, an increase of 5% year on year, with underlying operating profits of £11.3m, a proportion of which has been distributed to the staff through the company’s profit share schemes.
David McSweeney, BMT’s Finance Director explains: “BMT now earns more than two-thirds of its income from non-UK customers, illustrating the truly global nature of our operations. The year has seen some of our markets, particularly in the defence and mining sectors, cool and the highly complex, technically demanding nature of certain projects has required additional investment. Moving forward, our order book is higher than last year’s notably strong level. This suggests that recovery is continuing in most of our markets and gives us confidence that BMT can continue to prosper in the niche, high-value markets in which we operate.”