Perrys revenue up but profit falls
06 September 2023
Perrys saw revenue rise 7% to £643m in the year ended December 2022 – but group profit (before exceptional items) fell 55% from £9m to £5.1m. The group blamed rising interest rates, new and used supply issues and limited resource availability which impacted the middle six trading months.
The final quarter of 2022, in contrast, was “ahead of initial expectations.
“Perrys has made a good start to 2023, performing ahead of expectations in the first half. Trading conditions have become tougher since the start of July, but the directors are confident the group is well-positioned to deliver a budget performance for 2023.”
MD Darren Ardron added that a “major focus has been placed on some of our non-sales operations, which continue to help contribute towards the overall group results.”
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Perrys 
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