Read the latest coverage from Proactive Investors as they discuss how Stadium’s design-led technology division has overtaken the group’s low-margin electronic manufacturing service (EMS) activities for the first time.
“We are at a tipping point,” says Charlie Peppiatt, chief executive of Stadium Group PLC, as he runs through the latest results presentation.
He is referring to the way the business has developed in the last three years under his stewardship. The momentum, it seems, is now unstoppable.
Stadium’s 2015 annual report and accounts revealed the technology operation, which focuses on specialist power supply units and wireless systems used for machine to machine (M2M) communications, is responsible for just over 50% of sales and, crucially, 70% of Stadium’s profit.
“We have transitioned to become a modern, agile, design-led tech business focused on some clearly identified growth sectors and moved away from being a generalist,” says Peppiatt.
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