Low & Bonar points to rise in revenues

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Low & Bonar said full-year revenues would rise to £400 million as it anticipates a recovery in the European construction market and a more favourable euro-to-pound exchange rate in the second half.

The industrial textiles and fibres maker, which has its roots in Dundee where it still has opeations, reported a 23 per cent fall in first-half profit due to an abnormally long winter that hurt sales in western Europe. The firm, whose products range from carpet backing yarns to fabrics used in construction, reported revenues of £380.5m last year.