CS Labels plots path to future profitability
Published: 2 March 2021 | No comments yet
The busy production floor at CS Labels
UK-based converter CS Labels is positioning itself for future growth after reporting a 25% increase in turnover over the last 12 months.
Despite 2020 noted as being an ‘incredibly challenging time’, not just for CS Labels but for the UK and international industry as a whole, CS Labels saw a 25% increase in turnover in the last 12 months, ‘giving sustainability to its long-term plans’, according to the company.
Myriad reasons exist for this performance, not least the converter’s exposure to recession- and pandemic-proof industries that have sought digitally printed labels and packaging. Further, stockholding has been increased in recent months, the offering to customers has been expanded, and significant investment has been made into various technologies, despite being in the midst of an international pandemic. This includes further digital printing and converting technologies, such as a seventh Xeikon press and additional GM finishing line.
CS Labels managing director Simon Smith said, ‘I don’t think anyone could have predicted the last 12 months. When Covid-19 really began to evolve, we started to manage our expectations in terms of what we had targeted ourselves for the year; 2019 was successful, and we wanted to keep momentum, but had to be realistic. Brexit was still an ongoing pressure, and coupled with the prospect of many of our customers pausing or ceasing trade we had to really focus on remaining positive and finding solutions to be more efficient. I’d consider it to be the most challenging time of my career.
‘With the support of my staff, taking time to review what has been achieved is something to be incredibly proud of. CS has carefully navigated a global storm, and it’s never been more important to drive investment, growth and progress. We’re driven to create opportunities both for the CS workforce and for innovation in the industry.’