AES Engineering records 30th year of profit and sales growth

During 2012, AES Engineering, which is the parent to the AESSEAL Group, saw its sales rise by 6.4 per cent, to £131.9m.

After allowing for acquisitions and exchange differences the company reported that like for like sales growth was a “healthy” 8.2 per cent.

AESSEAL is the world’s fourth-largest designer and manufacturer of mechanical seals for a wide range of industries, including oil and gas, food, water, mining and pharmaceuticals.

In 2012, earnings before interest, tax, depreciation and amortisation (EBITDA) rose to £23.8m. In 2011, the EBITDA was around £22.8m. Activities in its key strategic market of oil and gas also grew, by 26 per cent in 2012, which was on top of the previous year’s 49 per cent.

AESSEAL’s global technology centre HQ is in Rotherham. AESSEAL Group said it is “well positioned to take advantage of the higher growth rates in markets outside Europe and the US”.

It will be continuing to strengthen its network wherever it sees opportunities for accelerated development, including sub-Saharan Africa and the Middle East. Group managing director Chris Rea, said: “Over the last three years, the group has continued to develop as a reliability-focused business, with exceptional sales growth of complementary products such as our bearing protection and seal support system ranges, alongside emerging complementary services and consultancy support capabilities.

“Our objective of offering a high-quality alternative for compressor dry gas mechanical seals is now a reality. The group’s purpose is to put customers at the heart of our business through providing exceptional customer service.

“Our customers have supported the expansion of our products, processes and the globalisation of our business. We believe this growth will continue in 2013 and beyond, as long as we continuously improve every aspect of our business that brings a benefit to our customers.”