Mattress manufacturer continues to see strong demand

Beds and mattress manufacturer Silentnight has reported a growth in sales but a dip in profit.

According to its latest filed accounts for the year ended 1 February 2020, total sales rose 0.6% to £133.9m from £133m in 2019.

EBITDA reduced from £10.7m to £2.4m, while its pre-tax profit of £8.6m recorded the previous year, fell to a loss of £888,000. This was due to increased legal costs.

Stated within its report, the group said that online demand has been strong and while increased consumer demand has seen the business run with an extended order book.

Adding: “The latest lockdown announced at the end of December 2020 has not had a detrimental effect on the company and order intake continues to be above expectation.”

Since its sales of the Aspatria manufacturing site, which produces the Sealy brand, Silentnight said this will reduce turnover by 25-30% although profit is “expected to remain unchanged”.