Denby earnings up 50% after boom year

THE COMPANY which owns Denby Pottery is celebrating after a five per cent increase in sales to £38 million last year and earnings up by 50 per cent.

This week Denby Holdings Limited announced its 2011 results with its biggest ever December sales which were up eight per cent to £4.3 million.

The company, which acquired Burleigh in 2010 and Poole Pottery Retail and Hartley Greens Pottery in 2011, says its overseas sales are up 31 per cent, and it now supplies products to over 30 international markets.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) were up 50 per cent to £2.2 million. Managing director Garry Biggs said: “Denby is a great British brand, world famous for producing distinctive hand-made stoneware pottery in the heart of Derbyshire for over 200 years. We are delighted that over the past few years, under new ownership, that we have been able to grow the business both in the UK and internationally via North America and the Far East. Great designs skills within the business have enabled Denby to expand with the high highly successful introduction of The Monsoon Home Dinnerware Collection and a new range of Cast Iron Cookware.”

Chris Emmott, of Valco Capital Partners which owns Denby Holdings, said: “We are delighted to have been able to achieve a significant turnaround in Denby’s performance 2011. Our investment in the business has positioned the business on its growth path and we are confident that this great stable of British brands will go from strength to strength.”

In February Denby applied to expand facilities at the Denby Pottery visitor centre, proposing to create an additional 600 jobs with a village style development featuring a hotel, a village inn and an outdoor activity centre. The group says it expects Denby’s export sales to grow over the next 12 months, following attendance at Ambiente, a consumer goods trade fair in Frankfurt, where the first order was received for export to China. Since a management buyout in 2009 the business has opened 14 new Designer Outlet shops, taking the total to 28 and created 94 new jobs. It has doubled sales in Korea and started exporting to Japan.