According to the firm, the period from 1 May to 31 July saw a 42% increase in sales year-on-year, with growth being driven by UK customers and an increase in business from across Europe.
The figures are reported at a time when the Burlescombe-based business has a range of new product launches, such as the UMC-5X five axis machine and the LR series of vertical machining centres.
Explains managing director Nigel Atherton: “These new machines add to our overall proposition to customers and, although we only introduced them in April, we have already sold 18 of the Linear Rail LR machines as they offer exceptional value.
“Interest in the five-axis machine, which is a new departure for XYZ, is extremely positive and sales of these machines will be reflected in the next quarter’s figures as we are working on some exciting prospects with our applications team.”
He continues: “There was inevitably some uncertainty following the [Brexit] referendum and our costs increased as a result, but the level of business we are seeing indicates a much higher level of optimism in the market as a whole and, we along with our customers, are certainly in more positive spirits than we were back then.”
Sales on the up for XYZ
1 min read
XYZ Machine Tools has seen significant growth in machine tool orders in Q2 of its financial year, it has emerged.
