Sales down 10% at foam conversion specialist

Apollo Adhesive Solutions, manufacturer of liquid adhesive, sealant and primer including foam converting for industries such as home furnishings, has reported a decline in sales.

According to its latest filed accounts for the year ended 30 April 2020, total sales fell 10.4% to £29m from £32.4m in 2019.

Pre-tax profit of £3.2m recorded the previous year fell to £2m.

Stated within its report, the company said that although the year ahead “appears challenging”, it will maintain its current levels of performance through “smart investment in people and facilities”.