News
ZENITH HYGIENE GROUP PLC - PRELIMINARY RESULTS FOR YEAR ENDED 31 AUGUST 2005
18 November 2005

Zenith Hygiene Group plc, the manufacturer and supplier of cleaning and non-food ancillary products to the food service and hospitality markets is pleased to announce preliminary results for the year ended 31 August 2005.



Turnover
Adjusted operating profit(1)
Adjusted profit before tax(1)
Adjusted earnings per share(2)

Year ended
31 August 2005

£24.5m
£1.64m
£1.55m
8.2p

Year ended
31 August 2004

£17.8m
£0.43m
£0.39m
2.3p

Growth


38%
281%
297%
257%

(1) Before goodwill amortisation and exceptional items
(2) Before goodwill amortisation and exceptional items net of tax

Key Achievements

  • Acquisition of SB Chemicals and move to in-house manufacturing October 2004
  • Successful AIM IPO raising £4.5m in February 2005
  • Three further bolt-on acquisitions in second half of year
  • Turnover growth of 38%
  • Adjusted operating margin increased from 2.4% to 6.7%(1)
  • Final dividend of 2.0p per share

Ringo Francis, Chairman and Chief Executive, commented:

“I am delighted to report an encouraging set of preliminary results. The Group has performed well and has achieved strong growth. Particularly pleasing are the improvements made to margins at both the gross and operating level.  To have achieved these results while completing four acquisitions and an IPO in the year is a credit to the hard work of the Zenith team.  We have built a platform to support further growth and I believe we are well placed for the future.”

For further information please contact:

Zenith Hygiene Group plc
Ringo Francis, Chairman and Chief Executive
Richard Colwell, Finance Director
01707 270 260

Beattie Communications
Tim Blythe
Tracy Lloyd-Watts
020 7053 6000


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