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Zenith Hygiene posts strong H1 results

14th Nov 2016 - 09:15
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Abstract
Zenith Hygiene Group, the manufacturer of cleaning and hygiene chemicals and products, has reported revenue growth of 20.1% to £31.5 million for the 26 weeks ended 31st August 2016.

The company also reported EBITDA increased 29.1% to £2.68 million and profit before tax up by 95.1% driven by improved efficiencies and scale.

Ringo Francis, CEO of Zenith Hygiene Group, said: “I’m delighted to report another fruitful six months for Zenith Hygiene, in what can only be described as a challenging trading environment. Our results are testament that our strategy to put our customers at the heart of our business is clearly working.

“The sector we operate in is very fragmented and over the first half we have looked at opportunities to expand our offer through a number of bolt-on acquisitions which we believe complement our already very successful offer. These have already begun to bear fruit in contributing to our growth, and we are confident that we will be ahead of last year’s numbers at the full year.”

During the period Zenith acquired Riverside Hygiene Supplies Limited, ABC Hygiene Limited and CCL Pentasol in June 2016, and Cater-Lyne Limited in August 2016.

Lord Stanley Fink, chairman of Zenith Hygiene Group, added: “Zenith Hygiene continues to go from strength to strength. There have been some significant client wins during the period, including Strada, a chain of restaurants for whom we are providing hygiene solutions nationwide, Drakes & Morgan a London based bar and restaurant group, and Cucina, a contract catering company.

“The acquisitions we have made over the last six-month period will further cement our position as the partner of choice for our customers and target markets. The integration process is underway with many of the businesses integrated within the Zenith Hygiene portfolio of companies, contributing to the strength of the Group.

“We have welcomed a number of new colleagues with strong expertise in core markets for us and we are very excited by the growth prospects ahead of us. We are confident that we will continue to deliver in line with the Board expectations in the second half of the year.”

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PSC Team