Directa Plus's trading picked up over the past two months with growth across all its divisions.
The graphene specialist said it expected an acceleration in trading when it released its full-year results in May and confirmed sales since the start of 2022 were €4.60mln, approximately 44% ahead of the same period last year.
In an AGM statement, Directa Plus added it remains optimistic subsidiary Setcar will be awarded a contract in Romania for environmental remediation services. A decision on the tender is now expected early in the second half of 2022.
The contract is significantly larger than anything secured to date and, if awarded, is expected to commence by year-end.
Directa Plus also said it sees high potential for entry into international filtration markets, paints and lithium-sulphur batteries.
It is also working to mitigate inflationary pressure on costs and maintain increased investment in operations.