Zetex recovers, looks to ‘high value products’
Zetex says it has recovered from ‘trading difficulties’ in 2005 to show growth, a lower cost base and a new management team. Annual revenues of £67.2million were 17% up on the previous year, with profit almost doubled to £1.6m.
CEO Hans Rohrer, pictured, said: “In the longer term, accelerated growth will be achieved through defining high value products through intense interaction with our target customers.”
Zetex says it has recovered from ‘trading difficulties’ in 2005 to show growth, a lower cost base and a new management team. Annual revenues of £67.2million were 17% up on the previous year, with profit almost doubled to £1.6m.
According to ceo Hans Rohrer: “We have invested considerable skills and effort into analysing and understanding our future growth opportunity by market segment, by product category and by region. In the short to medium term, we believe our highest growth potential will be realised by accelerating the exploitation of our existing product portfolio whilst simultaneously working hard to accelerate the development of new higher value products.
“In the longer term, accelerated growth will be achieved through defining high value products through intense interaction with our target customers.”
