Dyson doubles operating profits
The Dyson Group more than doubled its profits in 2009, on the back of strong demand for its bagless vacuum cleaners and the launch of other innovative contraptions.
Dyson reported operating profits of £190million for 2009, compared with £90m for 2008. Sales climbed 23% to £770m, due to strong demand from overseas.
The firm now predicts further growth following the recent launch of its bladeless desk fan - a device that uses an air ramp instead of blades - the Dyson Air Multiplier (pictured). According to Dyson, sales in the first three months of 2010 have increased following the launch of new handheld vacuums.
Last year Dyson invested £42million on research and development and now aims to double the size of its UK engineering team from 350 to 700 under plans to significantly increase its R&D outlay in 2010.
Last month Dyson said it was doubling the number of engineers and scientists employed in the UK from 350 in 700, as part of an expansion in staff numbers from 2500 towards 3000.
The company has also confirmed plans to launch a robotic version of its bagless vacuum cleaner.
