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Rather than repeat the summary of the different product lines – explained in previous Newsletters – I’ll concentrate on the performances of the different divisions over the year to 30th September 2015.
First, it might be helpful for you to know the rough revenue splits (2014 numbers):
•Lift components: about £34m (72% of total revenue)
•Transport (mostly on trains and in lifts in, say, London Underground) push buttons and other components: about £3m (6%)
•Keypads (ATMs, petrol pumps): £10m (21%)
Around one-half of sales are in UK and Europe with one-quarter in North America and one-quarter in Australasia and Asia.
Overall turnover to September 2015 was £45.9m, down 1.4% on 2014. The decline was mostly caused by adverse currency movements on its overseas earnings even though sales increased overseas. However, sales did drop back in the UK.
Operating profit: £5.675m (2014: £5.179m)
Profit after tax: £4.467m (2014: £3.946m)
Market capitalisation: £42m
300 employees worldwide, two-thirds of which are in the UK.
Dewhurst UK Manufacturing
What it does:
•Pushbuttons, e.g. those in the Shard and Cheesegrater lifts, Dubai train station, Network Rail elevators, the tallest building in Hong Kong (one button has the 118th floor on it!), or Heathrow’s Terminal 5 lifts
•Key switches – locks lifts so only those with a key can get at the controls
•Displays, e.g. electric display boards on London Underground
•Lanterns – waiting passengers can clearly see which elevator has arrived at their floor.
•Fixtures – the entire panel in lifts with all the electronics behind it
•Customising design for prestigious interiors of lifts, e.g. 16 special lift car interiors for The Rock office tower in the Netherlands with walnut, brass coloured stainless steel and leather.
•Destination control – lifts figuring out where to go, I think.
•Rail multi-sounder – doors talking to passengers, e.g. “door about to close”.
Sales for this division were 3% lower than in 2014, “primarily as a result of reduced infrastructure spending in the UK.”
However there was a 10% rise in export sales from UK. Prime areas of growth were Canada, where the Dupar subsidiary takes UK produced product, and the Middle East where efforts over a number of years are now starting to pay off with orders from a range of customers.
Online ordering system was launched this year for fastest moving pushbuttons, key switches and other lift auxiliaries.
Thames Valley Controls
Lift control and remote monitoring of lifts (e.g. gives operational information online such as reports lift performance), also CCTV, e.g. in Manchester’s Arndale Centre……..To read the rest of this article, and more like it, subscribe to my premium newsletter Deep Value Shares – click here http://newsletters.advfn.com/deepvalueshares/subscribe-1
