The maker of the iconic cast iron Aga cooker reported “encouraging” sales trends yesterday as it targets a new generation of householders with updated products.
Aga Rangemaster chief executive William McGrath said the key autumn selling season got off to a slow start because of the Olympics. But since then the trends that saw Aga’s volumes rise 4 per cent in the first six months of 2012 have continued.
The firm now sells models which can be controlled remotely by smartphone and has offset some of the pressure in the UK and Ireland by developing international dealerships as it targets emerging markets such as China.
It is expected by City analysts to grow its profits by 17 per cent to £7 million this year.
The Leamington Spa-based firm added that new financing arrangements for the group’s pension scheme were close to finalisation and would provide “medium term” clarity.