Owens Group continues to grow but margins remain under pressure

Owens Group Vehicles

Owens Group enjoyed yet another year of significant growth in 2018, with turnover rising 27% to £70.5m. The company said the growth follows a similar pattern to previous years and stemmed from opportunities arising from both existing and new customers. Pre-tax profit for the period ending 30 June 2018 was £1.6m (£2.2m), although gross profit was up slightly to £9m (£8.7m). In its review of the business, Owens Group said margins had been squeezed even further this year as the […]