The group posted a profit before tax of £11.3 million, up from £5.3 million in 2009. Revenue jumped 28 per cent to £99.2m. LED signalling – such as traffic lights – is a major market for the company, but in recent years it has become stronger in the mainstream lighting market.
LED specialist Dialight doubled its profits in 2010 and saw sales rise by 28 per cent.
French lighting manufacturers and wholesalers have agreed a voluntary deal to phase out inefficient fluorescent luminaires.
According to a report by market research firm NanoMarkets, the OLED lighting materials market will produce revenues of about $1.4 billion in 2015.