Wrightbus Sees Growth in Sales and Workforce Despite Trading Loss
Key Ideas
- Despite a trading loss, Wrightbus in Ballymena reported a significant increase in sales by £120 million, with a surge in recruitment of over 400 staff.
- The company's turnover rose by 71% to £283.4 million, showing success in their electric and hydrogen-powered bus production, although they faced a pre-tax loss of £6.3 million.
- Wrightbus signed a groundbreaking £500 million deal to supply 1,000 buses to Go-Ahead, which will create job opportunities, support the UK supply chain, and contribute to cleaner air.
- The company's expansion plans include investments in research and development, with a focus on developing left-hand drive hydrogen fuel cell buses to meet European regulations.
Wrightbus, based in Ballymena, experienced a notable growth in sales and workforce despite facing a trading loss. The company's turnover surged by £120 million, reaching £283.4 million, with a significant recruitment drive that added over 400 employees to their workforce. While reporting a pre-tax loss of £6.3 million, Wrightbus has been actively expanding its production of electric and hydrogen-powered buses. Notably, they successfully launched a left-hand drive hydrogen fuel cell bus compliant with German regulations, adding to their range of buses. The company's workforce now stands at 1,289 employees, with a focus on enhancing skills in electrical engineering and hydrogen gas engineering to meet the industry's transition to zero emissions. Wrightbus secured a groundbreaking £500 million deal to supply 1,000 buses to Go-Ahead, creating job opportunities, supporting the UK supply chain, and contributing to environmental initiatives. The company's strategic investments in research and development have positioned them as a key player in the UK manufacturing industry, with plans for further expansion in 2024.