The West Yorkshire-based firm’s revenues fell by 29% to £19m compared to the same period in 2019, , which it mainly attributes to the impact of Covid-19.
600 Group’s overview notes said the six month period ended 30 September 2020 bore the brunt of the impact from the Covid-19 pandemic and it trades at a loss in May and June as all facilities were affected by local and national shutdowns and the UK factory operation closed completely for the month of May.
The Group notes its debt levels have stabilised as a result of significant steps taken in the prior year to de-risk the business.
Paul Dupee, executive chairman, said: “The reporting period has been heavily impacted by the Covid-19 pandemic. However, the Group responded quickly to the challenges, reducing costs and keeping our core competencies together.
“The de-risking of the Group, both operationally and financially, in the last year has created a platform from which we can leverage the strength of the Group’s brands and grow the business into increasingly diversified niche markets worldwide both organically and by acquisition once activity levels normalise.
“Whilst short-term macro-economic uncertainty remains, I am confident we will come out of this crisis a stronger and leaner business.”
The 600 Group is a diversified engineering group with a strong reputation in the manufacture and distribution of machine tools, precision engineered components and industrial laser systems.
