Zenova Group PLC: Transformative Year with Strategic Growth Initiatives

Zenova Group Plc ( (GB:ZED) ) has issued an update.

Zenova Group PLC reported a challenging yet transformative year ending November 2024, with a decrease in revenue to £112k due to order execution delays, but a reduced loss after tax of £1,238k. The company achieved significant product development milestones, including certifications for its fire extinguishers and the launch of new products like the Zenova CS ceiling-mounted automatic fire extinguisher. Zenova expanded its global sales and distribution network, established a joint venture manufacturing facility in Albania, and restructured its board to focus on commercial growth. Despite the challenges, Zenova anticipates revenue growth driven by macroeconomic tailwinds, expanded product certifications, and a strengthened distributor network.

More about Zenova Group Plc

Zenova Group PLC is an innovative company specializing in fire suppression and interdiction solutions. The company offers a comprehensive suite of fire safety and thermal management products, including fire-retardant paints, insulating paints and render, a proprietary fire-extinguishing fluid, and a diverse range of fire extinguishers. Zenova focuses on large B2B accounts in construction, manufacturing, industrial sectors, and public institutions, with a global distribution network across key international markets.

Average Trading Volume: 6,827,795

Technical Sentiment Signal: Sell

Current Market Cap: £504.5K

See more data about ZED stock on TipRanks’ Stock Analysis page.