Zetar adjusts profits

British confectionery and snack foods group Zetar has adjusted pretax profit for the year ended April 30. It notes that sales from continuing operations rose 10% to £119 million during the year, helped by sales price increases and a late Easter.

It recorded new business in both its confectionery, and natural and premium snacks divisions, particularly for products in the value sector. Sales in its confectionery business increased to £75 million from £68 million, while natural and premium snacks sales grew 10% to £44 million.

The company says, “We received additional orders for Easter products from a number of our UK customers as their trade in the weeks leading up to Easter exceeded their initial forecasts. Raw material cost inflation had a significant impact on the division in the first half of the year, particularly during the summer. However, since Christmas, a number of sales price increases, allied to higher volumes on existing lines and the launch of new value products, have contributed to a 10% increase in sales for the year.” This also includes sales from this division for the first time in the US of the snacking fruit bars under the Sunsweet’ brand.
This came shortly after the disposal of the loss-making Baked Snacks business.

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