Dyson operating profits double

Dyson announced today that its operating profits doubled to £190m in 2009 and that turnover increased by 23 per cent to £770m.

The results follow the development of the bladeless Dyson Air Multiplier fan and the news that Dyson is doubling its engineering team to 700.

Dyson’s growth is the result of new technology, increased market share and strong exports.

We’re 10 times bigger than we were in 2000,’ said Martin McCourt, chief executive of Dyson. ’We‘re doubling our engineers so we can continue to grow and invent new machines such as the Dyson Air Multiplier fan and technology such as our digital motors.

’Our success is down to new ideas and the work of teams around the world. It demonstrates that Britain can compete in high-tech exports if it invests in long-term research and development. People want technology that works well, even in a recession.’