Results for the first half of the company’s financial year 2012-2013 are described as “excellent”, with a strong 9.7% lead on projected sales figures.
Managing director John Davies commented: “Our performance as a business in the first half of 2012-2013 bares testament to the hard work we’ve all contributed in making TDSi stronger – building up our product portfolio, increasing marketing activities and developing new sales channels. We’ve reached the half year at 9.7% above target. This performance was delivered in the face of some unexpected challenges, among them the pre-pack at Norbain.”
Davies added: “Our success reflects the cumulative efforts that everyone in the TDSi team has made over the last two years to constantly improve every aspect of the business. We couldn’t attain such promising growth without our channel partners and we thank them for their continued support.”
Building upon the positive figures
TDSi’s aim is to build upon these positive figures and “deliver a great financial year end”.
Davies explained: “We’re determined to continue in the same vein for the second half of the year.”
The company is continuing to see increased volume from its access control portfolio both at home in the UK and overseas.
“Our VUgarde2 VMS platform is beginning to attract firm orders and many projects will be invoiced in our third and fourth quarters,” asserted Davies. “We’re winning business and market share, and we’re committed to continuing with our channel and marketing strategies. They’re instrumental to the success which we’re generating.”