Stadium Group Reports Positives Results for 2016


Reading time ( words)

Stadium Group, a supplier of wireless solutions, power products, human machine interface solutions and electronics assemblies, has released financial results for the year ended 31 December 2016. 

Key highlights:

  • Statutory reported profit before tax up 29% to £2.2m (2015: £1.7m)
  • Year end order book up 36% to £25.8m (2015: £19.0m) underpinned by Technology Products growth 

During 2016, Stadium further developed the transition of the Group’s operating model to a high growth technology business to deliver a customer-focused, design-led technology proposition supported by strategically located regional design centres, manufacturing centres of excellence and regional fulfilment centres, providing organic growth across the Group. 

To complement existing regional design centres in Shanghai, Southampton and Norwich, Stadium opened a fourth design centre in 2016, located at the Kista Science City in Stockholm, Sweden, which has been particularly successful and has become the cornerstone of the Group’s wireless design activity, as well as a hub for the Group’s research and development (R&D) activities. Stadium is now increasingly recognised by customers as a reliable design-led technology partner across the UK, North America and Europe. 

Following the successful upgrade and relocation to a new facility at the company’s manufacturing centre of excellence in Asia in 2015, Stadium consolidated its European manufacturing footprint from four separate locations into two main manufacturing centres of excellence at Hartlepool and Southampton in the UK. At the same time, the company expanded and upgraded its facility in Reading to become the distribution centre for Europe and also completed the successful move to a new distribution and logistics centre in Kowloon, Hong Kong to service the APAC region. During the year the Group’s registered head office was moved from Hartlepool to Reading. 

During the period the decision was taken to establish Stadium Group Inc. to increase the company’s ability to support the development of activities in North America. This is underpinned by a growing number of new business opportunities for the company’s design-led technology solutions, from both existing and new customers in this region. 

“The prospects for the Group are very positive and we believe that our operating model will allow us to deliver accelerated growth in 2017. Our capability has been further enhanced by the establishment of Stadium Group Inc. which has strengthened our presence in North America,” commented Charlie Peppiatt, Chief Executive Officer at Stadium Group. “Our record year-end order book at £25.8m, up 36% on the previous year-end, continues to rise. Our offering of complementary electronic technologies and specialist design-focused engineering expertise is proving very attractive to current, previous and new customers, and this growing demand gives us confidence in the outlook for 2017 and beyond.”

Share


Suggested Items

What's the Scoop? APEX CFX Showcase

05/03/2018 | Philip Stoten, Scoop
The IPC Connected Factory Exchange (CFX) demo at the recent IPC APEX EXPO 2018 trade show in San Diego, California, is a great example of industry collaboration. The CFX Showcase at APEX had 245,000 CFX website page views; 701,200 CFX messages transmitted; and 664.5 million bytes of data exchanged; and the whole thing was pulled together in a matter of weeks. Here's what the participants in the program have got to say.

RTW IPC APEX EXPO: COMET Technologies Highlights Product Range and New Facility

03/12/2018 | Real Time with...IPC
Craig Arcuri of COMET Technologies details the numerous ways his company's technology is employed to manufacture and inspect a wide range of products, from chips to jet engine turbine blades. He also speaks about Lab One, the company's new technology and application center in Silicon Valley.

Mycronic Announces the Acquisition of Vi TECHNOLOGY

02/21/2018 | Barry Matties, I-Connect007
Mycronic recently announced the acquisition of Vi TECHNOLOGY, with the intent of combining VIT’s inspection technology with Mycronic’s jetting capabilities. In an interview with I-Connect007, Olivier Pirou, Managing Director of VIT, discusses more about the merger and how this will help VIT contend in such a competitive environment.



Copyright © 2018 I-Connect007. All rights reserved.