* Please disregard: this 2010 event has already taken place *
Well a week earlier than normal because of Christmas but tonights presentation should still have a very festive flavour as Zetar the food company are one of the leading suppliers of flavoured nuts and snacks....Here is one really well known licenced name that many will remember from the appearance on Dragons Den...
http://www.humdinger-foods.co.uk/ThingsWeMake/LicensedBrands...
Zetar Plc listed on AIM on 6th January 2005 with a strategy to acquire, or make investments in, companies or businesses engaged primarily in the confectionery and snack foods or related markets.
Zetar has established two divisions since it listed, the ‘Confectionery’ and ‘Natural & Premium Snacks’ divisions. Zetar continues to pursue opportunities to create substantial shareholder value by the acquisition and integration of other companies within these markets and to grow its business organically.
Here is the company website for those who want to dig a bit further on brands and investor info
http://www.zetarplc.com/default.htm (One or two areas look rather out of date to me)
The two directors coming along tonight are Ian Blackburn the CEO and Mark Stott the FD. They will be providing a 15 minute presentation and then answering all your questions so you should know lots about the company and its potential market. They will be bringing lots of samples so you can decide if you really want to get nuts about Zetar !
The last results are here...
http://www.investegate.co.uk/Article.aspx?id=201007210700136...
Zetar Plc, the AIM listed confectionery and snack foods group, announces its preliminary results for the year ended 30th April 2010.
Financial Highlights
· Turnover up 11% to £131.9m (2009: £118.6m)
· Adjusted profit before tax* up 40% to £6.4m (2009: £4.5m)
· Adjusted EBITDA** up 15% to £9.6m (2009: £8.4m)
· Adjusted diluted earnings per share up 27% to 35.4p (2009: 27.8p)
· Interest cover up to 7.6x (2009: 4.0x)
· Cash generated from operations up 97% to £7.0m (2009: £3.5m)
· Net borrowings reduced to £11.1m (2009: £15.4m)
· New 4 year bank facilities (fully credit-approved,…
