Partner Article

Stadium enjoys strong quarter

Electronics manufacturer Stadium Group yesterday said the first quarter of 2010 had been very strong with both revenues and profit making substantial progress.

In a trading update, the Hartlepool-based firm said: “Looking forward, customer demand continues to track ahead of last year, partly as a consequence of an overall improvement in underlying market conditions, and partly due to the benefit of a number of new business wins secured in 2009.

“The pipeline of new business opportunities in high growth markets where we are focussing our marketing continues to build momentum, and we are confident of further new business wins in coming months.”

Stadium also has operations in Warwickshire and owns a Chinese operation called Stadium Asia.

In the year ending December 2009 its pre-tax profits fell to £2.50m from £2.78m.

The group axed 200 of 2,000 jobs in China and 19 staff from its 110-strong workforce in Hartlepool last year.

This was posted in Bdaily's Members' News section by Ruth Mitchell .