Corporate Member Hypnos posts strong end of year results

Corporate Member Hypnos has released its latest financial figures, revealing significant growth across the hospitality and retail markets within both the UK and internationally.

The British bed manufacturer, which operates under Hypnos Limited and Hypnos Contract Beds Limited, reported an overall turnover for the Group of over £62m for the year ending June 25 2016 – an increase of 32% on the previous year.

Furthermore, the Group has seen a 60% year on year improvement in its underlying operating profit.

Owned by parent company Keen and Toms Holdings, the business attributes its strong performance to a continued focus on international outreach, as well as a series of new retailer account openings and new refurbishment programmes undertaken by its hospitality clients.

Additionally the hospitality business, Hypnos Contract Beds Limited, has benefitted from the lease of its new facility in Castle Donington, which was officially opened in April by Prince Andrew, HRH The Duke of York.

Stephen Ward, Hypnos Group managing director said: “These are a very pleasing set of numbers to report as they are well in excess of the targets that we set ourselves five years ago. We have achieved significant growth in the UK in both retail and hospitality sectors and have started to see real traction in our international activities in both sectors.

“Our new five-year plan, which started in July 2016, is set to deliver continued growth both domestically and internationally, but not at the same rate that was the case in the last five years.

“Our products, our service, our people and our business philosophy are the foundations of our recent success, and will also underpin our future ambitions.”

Whilst working continuously on its growth strategy, Hypnos has been careful not to lose its focus on CSR and sustainability which has always been extremely important for the business. Hypnos Contract Beds’ new Castle Donington factory is powered by a biomass boiler, ensuring the business maintains its responsibility to the environment and retains its carbon neutral status. The business has also continued its educational school tours and tree planting exercises to teach young people about the benefits of a good night’s sleep and taking care of the environment respectively.