Domino posts ‘record’ sales boost

Sales in Europe grew by 17%, with 8% due to acquisitions.

The firm said it had restructured its European sales forces to focus on specific market sectors or products rather than geographical regions, and it would implement this approach across the whole company.

Chairman Peter Byrom said Domino had increased investment in research and development by 5% to £11.3m, and its new Plus range of products, launched at the beginning of the year, had been "well received" and demand remained "strong".

He said the track-and-trace sector was "still in the investment phase" and it would be a further two years before it contributed to profits.

Group managing director Nigel Bond said sales in this sector grew "steadily" in 2007, primarily driven by the US and UK, with opportunities also starting to develop elsewhere in Europe and Asia.

"We believe that we have everything in place for 2008, our 30th year, to be another good year for the company, despite the economic forecast looking tighter in some countries," he added.

Domino's share price rose by 14.25p to 282p after the results were announced this morning (11 December).

Popular Articles