Dyson's profits fell sharply last year as a 'necessary year of transformation' was complicated by a factory fire and currency fluctuations. The electricals and tech manufacturer achieved a pre-tax profit of £561million in 2024, down from £1.1billion the year before, as revenues fell for the first time in 22 years. Dyson said total revenues fell from £7.1billion to £6.6billion for the year, despite the group selling more than 20million units for the first time in its history. Sir James Dyson said the group is investing in innovationHanno Kirner, Dyson's chief executive, said 2024 was 'a difficult but necessary year of transformation'. He added: 'We saw sales volumes reach their highest levels but revenue down on the prior year, due to one-off issues.