Flooring and wall cladding solutions provider Altro has reported another growth in sales and a return to profit.

According to its latest filed accounts for the year ended 31 December 2023, total sales rose 8.6% to £127.2m from £117.1m in 2022, further adding to its growth of 6.6% from £109.9m in 2021.

UK sales rose 9.6% to £87.7m from £80m, while EU sales decreased 3.7% to £15.3m from £15.9m. US sales rose 12.5% to £13.5m from £12m, while Australia sales increased 8.3% to £3.9m from £3.6m. Rest of the world sales were up 22% to £6.6m from £5.4m.

Pre-tax profit resulted at £7.1m, significantly improving from a loss of £12m year-on-year.

Stated within its report, the company said: “Turnover has increased year-on-year aided by price increases into the market; an operating profit of £5.9m has also been made following the loss of in 2022.

“This is driven by both a recovery in performance, and there not being the same level of incremental provision for amounts owed by group undertakings as in 2022.”