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Birmingham Post
Birmingham Post
Business
Jon Robinson

Shares spike at Russell Hobbs seller Ultimate Products after sales and profits surge

Ultimate Products Products Russell Hobbs Salter Petra Progress

Shares in Ultimate Products, which sells Russell Hobbs cookware and laundry products under licence, have spiked after it reported a surge in its full-year sales and profits.

The group has posted a revenue of £154.1m for the 12 months to July 31, 2022, up from the £136.3m it achieved in the prior year.

Its statutory pre-tax profits also jumped from £9.5m to £15.4m over the same period.

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