£41,000,000 REVENUE FOR PENARTH’S EKF DIAGNOSTICS

EKF’s HQ is at Avon House, in Stanwell Road Penarth

The Penarth-based  medical  company EKF Diagnostics PLC reports revenues of £41,600,000  and the firm says it’s confident of steady and sustainable growth.

The firm has closed a manufacturing plant in Poland to ramp up efficiency and is now concentrating on 7 main  locations rather than the previous 12.

EKF’s main production base is to be in Barleben, Germany.

Chief executive Julian Baines, says “Cash generation has once again been very strong, with net cash growing from £2.2m to £7.0m during the year, despite spending £1.4m on capital expenditure and £1.5m on the cancellation of share options.”

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