BLUM GROUP SEES £50M INCREASE IN TURNOVER

Blum Group has reported a 2.8% – or €50m – increase in turnover for the 2017/2018 financial year ending on 30th June 2018, which the company attributed to its “international market presence and great flexibility on the part of employees”.

The group said it achieved 48% of its turnover – which reached €1.8bn – in the EU and 15% in the US, adding that most markets in western Europe saw an increase in turnover while “ongoing positive developments” were recorded in eastern Europe.