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.

If you’ve enjoyed reading this article, why not get the latest news, reviews and features delivered direct to your door or inbox every month. Take advantage of our brilliant Practical Caravan magazine SUBSCRIBERS’ OFFER and SIGN UP TO OUR NEWSLETTER for regular weekly updates on all things caravan related.