Return to list

Sevcon accelerates towards record year

Friday, August 7, 2015

Gateshead-based electric vehicle component manufacturer Sevcon is on track for a record year after an increase in both revenue and profit.

For the three months to 4 July 2015, the NASDAQ-listed company reported a revenue to increase to $10.3m (£6.6m) from $9.7m (£6.2m), reflecting strong customer demand for products in the on-road sector.

However, Sevcon said foreign currency fluctuations decreased reported sales by $846,000 (£544,492), mainly due to a stronger US dollar compared with both the Pound and the Euro.

Meanwhile, profits also increased to $261,000 (£167,300) from $213,000 (£136,500) the same period the year before.

For the first nine months of fiscal year, sales were $30.6m (£19.6m) compared with $27.9m (£17.9m) last year, while profits rose to $1.2m (£780,000) from $1.1m (£720,000).

Sevcon president and chief executive Matt Boyle believes the company is entering a new phase of growth.

..... To read the full story click

Source: Insider Media


Sevcon is a global company with sites all over the world. Partner with us to take electrification into the future.

View a full list of contacts and suppliers
Make an Enquiry

New Career?

Explore new opportunities with us

View our vacancies

Share this page

Contact Sevcon

Interested in choosing Sevcon as your electrification partner? Contact us today.

Prefer to speak to us directly?

Find contacts