Fortoak Labels publishes year end results
Fortoak Labels announces strong revenue and earnings for its fiscal year ended 31 August 2020.
Highlights for the period include:
- Achieved growth of >250% from previous year.
- Growth underpinned by winning several strategic new business contracts to bolster revenues despite some contracts being delayed due to COVID-19.
- Successful implementation of key initiatives including our partner factory gaining BRC approval and becoming a Tesco approved supplier.
Alex Vergopoulos, Group CEO for Fortoak says
I am pleased to conclude that Fortoak Labels has delivered another year of strong growth, despite the challenging market conditions. The results are beyond our expectations and we thank our stakeholders and business partners for their invaluable experience which has enabled our positive growth.
Off the back of these strong results Fortoak Labels will continue to invest for growth. One such initiative includes re-engineered RFID smart/intelligent label technology, which we believe will revolutionise the industry. We look forward to announcing further details over the coming months.
Fortoak Labels is part of the Fortoak family – a leading supplier of till rolls, labels, packaging and PPE.
Read the full results here.