Aga Rangemaster has seen sales dip slightly in the first half of the year as the market for its upmarket cookers proved quiet in the UK.
However, the Leamington-based firm said that the six months ended June 30 were “solid”, seeing growth in operating profit, despite subdued housing-related consumer expenditure.
In a statement, the company said while revenues and cooker volumes were off the mark, margins improved, particularly in parts of the group that had been weaker performers.
William McGrath, Chief Executive commented: “In the current market we are pleased with our performance, strong cash balance and market leading positions. Looking forward we are excited about the growth opportunities for our new products led by AGA Total Control which epitomises our plans for the future.”
The group also said it remains confident after the UK launch of the AGA Total Control oven, which is an “on when you need it; off when you don’t”-type of cooker.
“AGA Total Control will bring renewed sales momentum for AGA in the second half of the year and is central to our strategy to grow cast iron cooker sales substantially,” AGA added.