Tapi Carpets set to register first-ever profit

Tapi HQ, Orpington

Tapi Carpets has recorded strong sales growth in its second half, leading to the retailer’s first-ever profit for 2020.

The flooring specialist saw a 30% sales uplift year on year, which it attributed to its digital initiatives in a strong homewares market during the coronavirus pandemic.

Tapi expects revenues to exceed £100m for the full year, up from £97m in 2019, and to report its maiden EBITDA profit of £1m.

This is a major improvement for the business, which recorded losses of £10.2m in 2019.

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