Flexibility helps sales at Zetar

UK snack and confectionery company Zetar has announced its interim results for the six months ended 31 October 2009. Its turnover was up 7% to £57.1 million with EBITDA up 18% to £3.9 million.

The turnover growth has been fuelled by continued innovation and manufacturing flexibility such as economy products in both divisions, the launch of the “all year round” impulse confectionery range as well as healthier fruit snacks and brand flavoured nuts.
Appointments of a new group finance director and an additional non-executive director strengthened the board.
Ian Blackburn, chief executive of Zetar, says, “Following last year’s challenges, the business is back on track and we were pleased to grow revenues by 10% in the first eight months of the year. We have kept overheads under strict control and focused on cash management to reduce borrowings to below target levels. Despite adverse macro market conditions we continue to trade well and following a good Christmas, anticipate that a successful Easter will underpin our confidence in a successful full year.”