Andrews Sykes down 12.9% in 2020
By Murray Pollok05 May 2021
Andrews Sykes Group, the UK-based pump and temperature control rental business, reported a 12.9% decrease in revenues to £67.3 million in 2020, with the second half of the year seeing a 20% fall. Operating profit fell 15.1% to £16.4 million.
The company, which operates in the UK, northern Europe and the Middle east, said there was a much lower level of trading across all its businesses mainly because of the pandemic, with the fourth quarter impacted by lockdowns in the UK and Europe and a mild UK winter.