NEWS

Sambro plans European expansion

Published on: 20th July 2017

Sambro International is planning to expand its European operation in 2017 to meet demand.

Accounts for the year to 31st December showed Sambro turned over £71m during the period compared to £57.9m a year earlier. Normalised earnings before interest, taxes, depreciation and amortisation (NEBITDA) also climbed to £5.5m from £3.7m in 2015.

A statement signed off on behalf of the board by director Tom Duffy said “operational and supply chain improvements are ongoing” at Sambro and “the drive for improved efficiency” is a critical part of its plans.

Tom added: “To this end, we have invested in an upgrade to the ERP system that will deliver process benefits in all areas of the business.”

As well as its Bury head office, Sambro International has bases in Hong Kong and the Netherlands. The company said a move to a new base in Holland during the year was the driver behind an increase in European sales, which climbed from £17.1m in 2015 to £36.9m.

Tom Duffy also stated: “Given our existing base in the Netherlands, we believe we are well position to reduce any negative consequences of Brexit and take advantage of any opportunities that may arise.”

Sambro appeared at number 60 on The Sunday Times’ International Track 200 last month.

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