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Sat November 09 2024

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Inflation erodes Roberston’s profits

21 Mar Scotland’s Robertson Group has filed ‘solid’ financial results, showing steady growth but softer profits.

Chairman Bill Robertson, or Sir William as he became in 2023
Chairman Bill Robertson, or Sir William as he became in 2023

Robertson Group鈥檚 turnover for the year to 30th June 2023 was up 8% at 拢644m (2022: 拢595m) but pre-tax profit was down at 拢16.7m (2022: 拢21.2m).

The operating margin dampened from 11% in the previous financial year to 9.4% this time.

Net funds at year-end totalled 拢71.8m (2022: 拢75.9m).

Chairman Sir William (Bill) Roberston said: 鈥淒uring the year the group continued to experience unprecedented levels of inflation across materials, labour and energy, but in conjunction with our clients and supply chain, we have sustained our overall strategy of delivering a quality product and service on time and on cost, whilst achieving value for money for our clients and an appropriate margin for ourselves.鈥

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