Demand sees revenue rise for safety kit firm

GROWING global demand for its products triggered a rise in revenues at major Northumberland employer Dräger Safety.

- COREENA FORD Business writer [e-mail]

Draeger Safety UK Ltd, which trades as Dräger Safety, has manufactured safety and medical technology solutions from its base in Blyth for more than 60 years. It has now published accounts for 2024, showing turnover increased 4% to £120.3m, while operating profit fell 4%, from £10.65m to £10.25m.

The overall profit for the year was £9.4m, up 24% from £7.6m, and an interim dividend of £4.4m was paid out. The firm's workforce also grew during the year, from an average of 554 to 586. In the accounts, the firm's directors noted its diverse product range and customer base, while also highlighting a constrained oil and gas sector.