Despite the impact COVID-19 has had on the aviation industry this year, ATL Turbine Services, a Dundee based turbine component repair company, has posted a robust set of results for its financial year ending June 2020. Although turnover and profitability were severely affected in the last quarter due to the coronavirus pandemic, sales still matched those of last year at £7.2M with pre-tax profits just over £1.1M.
Dale Harris, ATL CEO commented, “This has been a hard year for many companies, and I’m pleased that ATL has weathered the storm as well as we have. 2020 was a stellar growth year, right up until lockdown in late March.”
Harris continued, “We’ve had some great successes this year, not least being awarded a Vice Presidents award from Scottish Engineering for ‘Outstanding Achievement’, which we are very proud of. Looking to the future, ATL has a healthy pipeline of work, excellent long-term customer relationships and we are in the final stages of securing a new contract win with a major OEM that will provide ongoing growth and job security.”
With over one third of revenue from exports, the company has had to implement strategies to minimise disruption due to Brexit and will continue to monitor the outcome of ongoing negotiations.
ATL works across the defence aviation, civil aviation, industrial and marine sectors and employs 80 people at its Baldovie site.