Turnover has risen at the UK arm of a global safety products maker, which employs hundreds of people in Northumberland, in a year where demand remained strong despite rising costs.
Draeger Safety UK is headquartered in Blyth and is part of German-headquartered multinational Dräger which has more than 15,000 employees worldwide.
In the year ended 31 December 2024, revenue jumped from £115.5m to £120.3m, while overall profit rose from £7.6m to £9.3m.
Profit before tax was consistent at about £10.2m.
In a report alongside the results, the company said that demand for compressed air and breathing equipment products was “strong”.
It added: “Sales of other product ranges in the domestic market were slightly lower, in particular as a result of the short-term impact on investment plans following the UK government’s unexpected increase in employer payroll tax.”
Despite the reversal of asset impairment in the prior year, which provided a significant one-time reduction in cost, overall profitability for the year was maintained.
In the report, Draeger said that it “continues to monitor uncertain future developments however no material impact is expected at this stage”.
