Woodchip manufacturer Egger has reported revenues of nearly £400m but warned that it faces challenging times in the coming months.
The Hexham firm has released accounts for the year ending April 2022 which show a 32% increase in turnover to £398.8m. Over the same period, operating profits rose by almost 50% to £51.7m.
The company said it had benefited from the return to people investing in their homes after the Covid pandemic. But it warned that high inflation levels and other pressures in the economy could affect its performance in the coming months.
