ES Technology reports 130 per cent profit increase

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ES Technology has reported a 130 per cent increase in profit and revenue growth of 27 per cent over 2010 with turnover reaching nearly £3 million for its financial year that ended 30 September 2011.

The two main drivers of growth have been sales of industrial laser machines into medical device and automotive markets and subcontract laser marking services for customers that need permanent etching or engraving onto components made from metal or plastic.

ES Technology’s Tim Millard operations director, said: 'These results are testament to the hard work of all our staff at Oxford and demonstrate that our strategy of focusing only on industrial laser applications, such as marking, welding, cutting and heat treatment, is paying off.'

Because of the growth ES is looking to recruit a sales engineer for its laser marking job-shop and is leasing a new unit at Kingston Business Park for 50 per cent more machine building space.