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Kugler appointed chairman at Byotrol

Tue, 16th Jun 2009 14:18

Germ killing product developer Byotrol saw losses widen and sales slide slightly last year but said the current outlook is promising, as test results demonstrate the effectiveness of its hygiene technology.Revenue in the year to 31 March 2009 eased to £0.93m from £0.95m the year before, while loss before tax widened to £2.98m from £2.77m a year earlier.Cash at the bank at the end of March was £2.86m after the company successfully raised £3.75m through a share placing in November 2008. Broker Charles Stanley calculates that 'with a cash burn of c. £150k per month and breakeven around £4m of product sales, our forecasts show Byotrol funded through to profitability.'The broker recommends buying the stock and has a price target of 25p.'Sales in the first two months of the new financial year have exceeded £0.2m and there is a good level of orders in hand for delivery in the first half implying a growing consistency to trading. Combined with a further £450k licence receipt from Synergy, first half revenues could reach £1m, underpinning our full year forecast of £2m,' the broker added.'Results in major trials have confirmed the superiority of products incorporating Byotrol. A growing awareness of Byotrol's Hygiene Revolution, coupled with a tight and highly focussed sales drive in our key markets, should provide the basis for our future success,' claimed Byotrol's chief executive officer David McRobbie.In a separate announcement, the company said non-executive director Ralph Kugler has been appointed as chairman with immediate effect.
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28 Feb 2019 11:23

Byotrol's New Surface Cleaners To Be Rolled-Out At US Retailer Target

LONDON (Alliance News) - Anti-germ technology firm Byotrol PLC on Thursday said it has successfully registered two new versions of its surface cleaner Byotrol24.The new variants use newly a

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29 Jan 2019 14:21

Byotrol Hires Former Unilever Director Sean Gogarty As Non-Executive

LONDON (Alliance News) - Byotrol PLC on Tuesday said it has appointed Sean Gogarty as a non-executive director with immediate effect.The anti-microbial technology company said Gogarty has a

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14 Sep 2018 16:03

UK Shareholder Meetings Calendar - Next 7 Days

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24 Aug 2018 13:47

DIRECTOR DEALINGS: Byotrol Chief Technical Officer Buys Shares

LONDON (Alliance News) - Byotrol PLC said Friday that Chief Technical Officer Trevor Francis bought shares in the company.Francis acquired 657,686 shares at 3.8 pence each, worth GBP24,992

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17 May 2018 11:13

Byotrol Secures First Market Retail Trial In US For Hand Sanitiser

LONDON (Alliance News) - Byotrol PLC said Thursday it has secured its first "mass market" retail trial in the US with discount retailer Target Corp for its surface sanitiser trail will a

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10 May 2018 14:16

Byotrol Gets US Approval For Sale Of Byotrol24 Sanitizer

LONDON (Alliance News) - Byotrol PLC said Thursday it has secured formal approval for sale of its anti-microbial product in all US states.With the approval, the company said it is now able

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13 Dec 2016 14:17

Byotrol loss widens as products gain traction

(ShareCast News) - Anti-microbial technology company Byotrol presented its unaudited interim results for the six months to 30 September on Tuesday, confirming it was on track to be EBITDA positive for the full year with trading in line with previous guidance. The AIM-traded firm claimed to have made

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15 Aug 2016 15:06

UK Earnings, Trading Statements Calendar - Next 7 Days

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8 Jul 2016 12:37

Byotrol extends agreement with Solvay

(ShareCast News) - Specialist anti-microbial technology company Byotrol announced on Friday that it has expanded its agreement to develop and commercialise long-lasting biocidal products for hard surfaces with the international chemical group Solvay. The AIM-traded company said the agreement extends

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8 Jul 2016 09:23

WINNERS & LOSERS SUMMARY: Inchcape Seen In Fast Lane Post-Brexit

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8 Jul 2016 07:10

Byotrol Extends Solvay Deal, Signs Series Of New Contracts

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25 Feb 2016 16:08

Byotrol extending its market reach

(ShareCast News) - Byotrol's turnaround was continuing apace as the company headed towards the end of its financial year on 31 March, with the company issuing a trading update on Thursday. The AIM-traded specialist anti-microbial technology firm said the regulatory approval process with the US Envir

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25 Feb 2016 09:46

Byotrol Says Working Capital "Entirely Adequate" For Future Needs

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3 Dec 2015 10:55

Byotrol on 'cusp' of profitability, says board

(ShareCast News) - A poor six months for Byotrol weren't enough to dampen the board's spirits on Thursday morning. Revenue at the AIM-listed professional cleaning products manufacturer was down slightly on the same period last year, from £1.554m to £1.409m. Gross profit was up from £502k to £532k,

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3 Dec 2015 08:59

Byotrol Expects To Hit Earnings Breakeven In Second Half, Loss Widens

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