Profit up over a third
July 2018

CMS WINDOW SYSTEMS reports profits up by over a third on the back of a record turnover in excess of £36million, the company announced this week.

the Cumbernauld-based Queen’s Award winning company says its EBITDA (earnings before interest, taxes, depreciation and amortisation) in the year to March is up 34.64% to nearly £4.1m from just over £3m the year before.
CEO David Ritchie says the results show a business in very good health: “On the back of an excellent year in 2016/17, the business has gone from strength to strength, delivering another fantastic set of results for this latest period which show the business meeting all our strategic and financial targets.

“And the future is looking extremely positive too, with a record order book valued at £65m over the next three years providing job security and excellent opportunities for our local and national supply chain partners. This includes our largest ever single contract valued at £10m to manufacture and supply windows, doors and curtain walling for the prestigious Atlantic Square development in Glasgow.

He continued: “With a solid operating platform already in place, we have invested heavily during the last year in our PVC factory capabilities to enhance production capacity in preparation for the next phase of planned growth. This is continuing into 2018/19 too, with a new door factory in Fife already opened during quarter one and plans to invest in our aluminium factory capacity as well as a new trade manufacturing facility.”

www.cmswindows.com