World News

Industry news and insights from Europe and around the World

UK News

Latest news and developments in the United Kingdom


Keep up-to-date with the latest new products and technology


General articles, applications and industry analysis

Hot summer brings sizzling profits for Andrews Sykes

UK: Last year’s long hot summer in Europe brought double-digit rises in revenues and profits for air conditioning and chiller hire company Andrews Sykes.

Figures for the the year ended December 31 report a 10.2% rise in revenues and a 17.6% increase in profits.

Traditionally, the group makes more profit in the second half of the year due to the higher profit margins on its air conditioning products. The effect was even more pronounced in 2018 due to the long and hot summer throughout Northern Europe.

The group’s revenue for the year was £78.6m, an increase of £7.3m on 2017. This increase had a more than proportionate impact on operating profit which increased by £3.1m to £20.7m. This increase follows a 11.2% increase the previous year.

Strong and improved performances are said to have been experienced by both the group’s hire and sales businesses in the UK and Europe and a strong and stable performance from its business in the Middle East.

Latest News

20th February 2024

F-gas regulation published in Official Journal

EUROPE: The new F-gas regulation has now been published in the EU’s Official Journal, making it legally binding and entering into force in 20 days.
20th February 2024

Carrier Germany increases heat pump training

GERMANY: Carrier Germany is offering new hydraulics training courses  at its training centre on the IKKE campus in Duisburg to support the growing demand for heat pump expertise. 
20th February 2024

Oceanair acquired by builders’ merchant MKM

UK: Air conditioning and heat pump distributor Oceanair UK has been acquired by MKM, the independent builders’ merchant.
20th February 2024

Carrier to build factory and R&D facility in Saudi Arabia

SAUDI ARABIA: Carrier is to build an advanced manufacturing and R&D facility in Saudi Arabia in a partnership with Alat, a new Riyadh-based public investment fund company.
19th February 2024

BDN offers high level monitoring

IRELAND: The first installation of Bitzer’s Digital Network (BDN) in Ireland is providing high-level monitoring, system diagnostics and optimisation for an award-winning deli food specialist.
19th February 2024

Manchester receives heat pump training boost

UK: Daikin UK in partnership with the Green Skills Academy is to deliver the first heat pump training programme for college tutors and staff at nine Greater Manchester colleges.