Airea plc (GB:AIEA) has released an update.
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Airea plc, a UK design-led specialist flooring company, reported a revenue decrease to £9.3m and a lower operating profit at £0.2m for the half-year ending in June 2024, amidst a challenging market. Despite a second-quarter sales slowdown and investment costs, the company is making progress with its business transformation and has launched new carbon-neutral products. With a strong order book and new products in the pipeline, Airea remains optimistic about future growth and its major manufacturing facility investment set to complete in early 2025.
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