Timber importer Arbor Forest Products saw turnover increase by more than a third to £171.7 million as strong price inflation fused with continued high demand for landscaping and DIY.
But the northern Lincolnshire giant, behind the processing and sale of the wood it welcomes into the UK, has warned boom times for the industry may be over. The New Holland operation, part of the Howarth Timber Group, added £46 million to the sales top line, a 37 per cent uplift on 2021, with operating profit also up 65 per cent from £17.8 million to £29.5 million.
Increased efficiencies, aided by investment in a capacity-boosting high speed photo-graded sawline, were highlighted with higher turnover further contributing. It also saw staff numbers pass 200, up to 202 from 184 in the year to March 31.
