Linn reports turnover growth as Exakt tech boosts annual results

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Scottish-based high-end audio manufacturer Linn has reported a 17 per cent increase in turnover in the most recent financial year, but its positive performance has not been at the expense of R&D.

The company reported turnover of £19.2m – up from £16.38m for the 12 months ending 30th June 2013 – and said sales had been enhanced by the launch of three new Exakt-equipped systems.

Net profit for the period stood at £1.8m, with R&D investment totalling £1.97m – a figure that's seen Linn further develop and roll out its Exakt technology, most recently seen in the Akudorik speaker.

MORE: Linn Akudorik joins Exakt range alongside Exaktbox upgrade option

In a statement, Linn said its continued commitment to R&D and "further development of our people" had put the manufacturer in a "strong position to deliver our strategy for the years ahead".

Linn managing director Gilad Tiefenbrun said: "We are proud of what we have achieved and look forward to continuing to innovate, lead the market and deliver outstanding home music systems."

MORE: Read all our Linn reviews and news

Pete Hayman

Pete was content editor on What Hi-Fi?, overseeing production and publication of digital content. In creating and curating feature articles for web and print consumption, he provided digital and editorial expertise and support to help reposition What Hi-Fi? as a ‘digital-first’ title; reflecting the contemporary media trends. He is now a senior content strategist.