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Zetes is a leading European system integrator and provider of innovative supply chain, identification and mobility solutions.

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30 Aug '11

Zetes half-year results 2011

Revenue and EBITDA growth in both divisions.

The recovery observed in 2010 continues. Group revenue is up 17.3% compared with the first half of 2010. This increase comes from both the Goods ID sector (+9.9% on H1 2010) and the People ID sector (+46.8%). Gross margin, at 44.2% of sales, is down slightly (-0.8%) on 2010 but up in absolute terms to € 46.0 million (+15.2%).

Current EBITDA is € 9.0 million, up 49.1% over the first half of 2010 for the group as a whole, and 15.2% higher in the Goods ID and at least 74.5% higher in People ID.