Velocity Composites PLC 2024 AR2
The report highlights Velocity Composites plc's exceptional growth in FY24, with revenue increasing by 40% to £23 million and achieving adjusted EBITDA profitability for the first time since the Covid-19 pandemic. The company expanded its international footprint, particularly through its US facility in Alabama, which quadrupled sales to £7.9 million. Velocity remains committed to supporting the aerospace industry's net-zero goals by reducing material waste by up to 20% through its proprietary technology. For the first time, the company reported under the Streamlined Energy and Carbon Reporting (SECR) guidelines, disclosing total energy consumption of 1,822,354 kWh and total Scope 1 and 2 emissions of 371.22 tonnes of CO2e.
Company: Velocity Composites PLC
Sector: Industrials
Country: United Kingdom
Year: 2024
Type: AR2
Pages: 94
Velocity Composites PLC
Annual Report And Financial Statements
The report highlights Velocity Composites plc's exceptional growth in FY24, with revenue increasing by 40% to £23 million and achieving adjusted EBITDA profitability for the first time since the Covid-19 pandemic. The company expanded its international footprint, particularly through its US facility in Alabama, which quadrupled sales to £7.9 million. Velocity remains committed to supporting the aerospace industry's net-zero goals by reducing material waste by up to 20% through its proprietary technology. For the first time, the company reported under the Streamlined Energy and Carbon Reporting (SECR) guidelines, disclosing total energy consumption of 1,822,354 kWh and total Scope 1 and 2 emissions of 371.22 tonnes of CO2e.
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Document Details
Report Year
2024
Reporting Period
Nov 1, 2023 - Oct 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Employees