Swift reveals record results
Swift Acquisitions Limited, the parent company of Swift Group, the largest leisure vehicle manufacturer in the UK, saw its turnover last year hit a record £289m and its operating profits (before goodwill and exceptional items) hit £21m.
It said that while its record turnover reflects growth across all product lines with increasing market share, it was its export turnover that was considerably up – rising by 43% from £16.1m to £23m . This was the result, said Swift, of ‘proactive targeting of international opportunities’.
In line with many manufacturers, both in the UK and in Europe, Swift said it expects this year to be more challenging. “Current trading and market share growth remains positive, but profit expectations for 2019 are lower given the ongoing uncertainty caused by Brexit.”
During last year, Swift also invested heavily in its facilities, spending nearly £10m on its production facilities and systems, which it said will enhance the construction techniques and quality of its product, together with investment in its hire fleet with the opening of the first manufacturer owned and run motorhome rental business in the UK, called Swift Go.
“The directors are extremely pleased with the performance of the business during ever more challenging times. Significant investments in capital equipment, training, education and technology have again been made, which further enhance the total Swift offering. We are well positioned to take advantage of future opportunities,” said James Turner, Managing Director.
Recent Updates
February 2024 MMM competition winners
Here's a list of winners for the February 2024 MMM puzzles and competition ...
Explore motorhome accessories on the Out & About Shop!
Our brand-new shop is packed full of camping gear and equipment, including products tested and reviewed by ...
Deal for Robinsons Caravans after it enters administration
Parts of the Robinsons Caravans business have been sold and many jobs have been saved after the caravan ...
Get five issues for just £5 in our spring sale!
In this unmissable spring sale, you can subscribe to MMM or Campervan for just £5, enjoying your first five ...
Grab an eggstra special deal in our Easter Sale!
Subscribe to MMM or Campervan magazines and save 30% in our Easter Sale - hurry, though, as this offer won't ...
Dolphin Motorhomes to host open weekend in April
Enjoy special offers on superb campervans and motorhomes, including the brand-new Swift Trekker and Trekker ...
Motorhome and campervan stopover trialled in Pembrokeshire
Pembrokeshire County Council has approved a trial scheme to provide overnight stopovers for motorhomes and ...
A spotlight on Lamilux, the brand shielding your motorhome from UV damage
Here, we take a deep dive on the German brand engineering the high-tech and award-winning materials for ...
January 2024 MMM competition winners
Here's a list of winners for the January 2024 MMM puzzles and competition ...
New Swift campervan for 2024: Full details revealed
This exciting new campervan showcases some clever details and a fresh new design from Swift ...
Other News
December 2023 MMM competition winners
Here's a list of winners for the December 2023 MMM puzzles and competition ...
Behind the motorhome scenes: Laika SpA interview
We talk to Michel Vuillermoz, Head of Product Management, Laika Caravans S.p.A about the new direction it is ...
November 2023 MMM competition winners
Here's a list of winners for the November 2023 MMM puzzles and competition ...
Buying Your Perfect Motorhome 2024 on sale now
Planning to buy a new motorhome or campervan this year? The latest 2024 Buying Your Perfect Motorhome guide ...
Campervan converter spotlight: Spartan Campers
We meet the owners of Midlands-based campervan converter, Spartan Campers, and find out what makes them tick ...
Compact motorhome for a family: Rimor's Kilig 4
It would be a challenge to find a more compact motorhome at a better price that could genuinely work for a ...
Roller Team launches new Livingstone campervan
Italian brand, Roller Team, is all set to launch two new sensibly priced campervan models in the UK for the ...
Treat that special someone this Valentine's Day
A subscription to MMM or Campervan magazine is the perfect gift for the outdoor enthusiast in your life, or ...
Top up your motorhome or campervan gas at Marquis Durham
Campervan or motorhome owners with refillable LPG gas tanks or cylinders can now top up their supply at the ...
October 2023 MMM competition winners
Here's a list of winners for the October 2023 MMM puzzles and competition ...