Posted inLEAD STORY, NEWS
Laings reports record sales but rising overheads crimp profits
Laings recorded a year of record sales for the year to May, 2023, but continuing investment into the group’s estate, people, marketing and technology squeezed margins. Sales rose by 5% to £63.3 million. Gross margin rose slightly, but EBITDA fell from £7.3 million in 2022 to £6.1 million last year due to overhead costs rising […]