What the company describes as a continued focus on delivering the highest quality music reproduction, has seen Linn Products Ltd, Scottish-based manufacturer of specialist home entertainment systems, announce strong financial results for the year ending June 30, 2009.
Some highlights from the numbers include Pre-tax profit of £1,444,000 (including exceptional items), operating profit of £1,214,000, up 40% on previous 12 month period on a broadly flat turnover of £16,238,000 and research and development investment bolstered to £1,491,182 which the company says ensures secure future for new product development.
Linn Products Linn’s combination of hardware and software provision have allowed it to deliver a strong year.
In 2009 Linn says it cemented its position as the market leader in specialist digital music streaming solutions for the home as well as the world’s leading specialist music label. Linn argues this success, in the face of the toughest trading economy in many years, reflects a flight to quality in the market as people make more considered purchases with a longer term horizon and an emphasis on superlative experiences in the home.
Managing director Gilad Tiefenbrun said of the results: “This is a solid financial performance for any manufacturing business at this time, but particularly a British manufacturer operating at the premium end of the audio market. With the backdrop of the credit crisis our customers have recognised that Linn provides leading edge digital technology that takes them into a new era of home entertainment and will stand the test of time.”
More information: Linn +44 (0)141 3077 777