Losses widen at Erwin Hymer UK in latest full-year results

Full-year losses have widened at Erwin Hymer UK, despite a significant growth in turnover, its latest full-year results reveal.

In the year to the end of July 2023, the company made a pre-tax loss of £6.59m, up 39.4% from last year’s loss of £4.73m. This is despite an increase in turnover from £95.24m to £106.41m – a rise of 11.7%.

Erwin Hymer UK owns some of the biggest makes of caravan in the UK, winning two silver awards at the 2024 Owner Satisfaction Awards.

The County Durham company blames a price freeze in 2022 and 2023 and supply chain price rises of as much as 20% for the increased losses.

But it now sees uncertainty around the economy, rather than supply chain issues which have since improved, as the main threat going forward.

Nevertheless it says it continues to have a strong forward order book, and believes performance will be enhanced this year with the launch of the Xplore campervan and other initiatives.

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PeterBaber

Peter Baber is Reviews Editor of both Practical Motorhome and Practical Caravan. He has been reviewing motorhomes for the best part of a decade now. His first caravan reviews date back to the early 1990s when he first worked on Practical Caravan, before he embarked on a 20-year career in business journalism which saw him edit a wide variety of magazines, and launch a few too, including one that won an award. Although he enjoyed that, he always knew he wanted to come back. Peter reports on all the new models that make it to dealer forecourts each season, giving his judgement online and in magazine reviews. He has twice been shortlisted for a Caravan Writers Guild award. When he is not working, apart from going on motorhome trips himself (mostly local to where he lives in West Yorkshire, but also last year right across France) he likes trying to write novels, cooking, throwing the odd pot, and has just taken up tennis.