Return to pre-pandemic sales levels for XYZ
04 January 2022
MACHINE MAKER XYZ Machine Tools has seen its sales return to a level last experienced before the outbreak of Covid-19.
According to XYZ Machine Tools, confidence within the engineering manufacturing sector continues to grow, which is reflected in the order book at the Devon-based firm. Invoiced sales and new orders for the first six months of its financial year show a strong recovery from the previous year and are now at pre-pandemic levels of 2019.
Managing director, Nigel Atherton, said: “The signs we are seeing are very encouraging and it is interesting to note that while demand for our ProtoTRAK controlled mills and lathes remains very strong, there is a trend for customers to order higher value machines, such as our vertical and five-axis machining centres and turning centres.”
This continuing growth in sales has prompted XYZ Machine Tools to review its machine order and build strategy, planning as far ahead as October 2022 it will be able to maintain the high machine stock levels held at its Burlescombe headquarters. “Supply chains have been a common topic on the news in recent months, which are affecting every industry, so we are forward planning and currently we have 263 machines in transit to the UK, with a further 600 machines in the pipeline. This commitment will ensure that we can continue to support our customers by responding as quickly as possible to their orders to get machines delivered to their shopfloors and producing parts,” said Atherton.
Because of the increase in business, the company has embarked on a recruitment campaign, for a number of opportunities, including additional machine tool service engineers. These positions are in addition to the 16 new employees that have been taken on in the past few months across all areas of the business including sales, service, production and administration as sales have returned to pre-pandemic levels.