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UK: Snack Producer Zetar Expects Pressure on Margins

Source: FLEXNEWS
25/09/2008

25 September 2008 - British snack and confectionery producer Zetar expects there will be pressure on its margins, said the company's chairman, David Williams at an AGM today.

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The Chairman explained that Zetar will be faced with a challenging trading environment together due to the volatility in foreign exchange rates, raw material input prices and energy prices.

"This makes the outturn for the current financial year difficult to predict at this stage, especially given the importance of Christmas and Easter to the Group's results", said Williams.

However, year to date sales are approximately 10% ahead of the same period last year, he added. Zetar is also confident that profits for the year will be ahead of last year.



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