Zetar is looking to make "major inroads" on its European expansion plans over the coming year.

The AIM-listed snacks and confectionery business plans to grow the export side of the business to a third of total sales. To achieve this, it wants to establish a distribution base in mainland Europe.

Having secured a finance deal with HSBC earlier in the year and enjoyed an increase of about 25% in its share price since the start of July, Zetar CEO Ian Blackburn said it was in a position to make an acquisition in Europe so long as there is some "further ­uptick" in its share price.