Dyson hits £1 billion

Dyson has announced that its turnover hit £1 billion in 2011 and that it made record profits of £306 million. That’s over 30% more profit than in 2010.

Massive investment in R&D, amounting to £1.3m every week in 2011, has certainly paid off. A Dyson vacuum cleaner was sold in the UK every 30 seconds last year and the company could not keep pace with demand for the DC35 Digital Slim cordless cleaner. As a result of this success the company will recruit 300 new staff across the business and is launching in China in November.