Britax profits up
Wednesday 16 September 1998
BRITAX INTERNATIONAL, the aircraft and car equipment group, which raised pounds 160m from disposals and reinvested it in manufacturing, yesterday reported a 21 per cent increase in pre-tax profits to pounds 26.8m in the first half of the year. The profits rise was achieved despite a pounds 1.4m impact from the strength of sterling and weak demand for its child car safety seats.
The new emphasis on aircraft fittings and vehicle safety products has left Britax "well positioned to ride out any possible recessions, as people tend to keep spending on safety," the company said.
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