Zotefoams PLC Third Quarter Trading Update (6776N)
October 28 2016 - 2:00AM
UK Regulatory
TIDMZTF
RNS Number : 6776N
Zotefoams PLC
28 October 2016
Zotefoams plc
("Zotefoams" or "the Company")
Third Quarter Trading Update
28(th) October 2016 - Zotefoams, a world leader in cellular
material technology, today provides a trading update for the third
quarter ended 30 September 2016.
Zotefoams saw third quarter sales grow ahead of the comparative
period last year, buoyed by continued favourable currency and
particularly good growth in HPP and North American polyolefin
foams. This was offset somewhat by lower polyolefin foam sales in
the UK and continental Europe. The Company has entered the fourth
quarter with a very strong order book.
The Company's investment at its facility in Walton, Kentucky,
USA, which will increase Zotefoams' global capacity, remains on
target to be operational in H1 2017.
Whilst being mindful of the operational risk to delivery of the
very strong order book in the final quarter and the potential
consequences of currency volatility, Zotefoams continues to expect
another year of positive progress, with performance in line with
management expectations. The Company also remains confident about
the long-term prospects for the business.
- Ends -
Enquiries:
Zotefoams plc +44 (0)208 664 1600
David Stirling, Group
CEO
Gary McGrath, Finance
Director
FTI Consulting +44 (0)203 727 1000
Victoria Foster Mitchell
/ Simon Conway
About Zotefoams plc
Zotefoams plc (LSE - ZTF) is a world leader in cellular material
technology. Using a unique manufacturing process with
environmentally friendly nitrogen expansion, Zotefoams produces
lightweight foams in Croydon, UK and Kentucky, USA for diverse
markets worldwide. Zotefoams also owns and licenses patented
MuCell(R) microcellular foam technology from a base in
Massachusetts, USA to customers worldwide and sells T-FIT(R)
advanced insulation systems.
www.zotefoams.com
This information is provided by RNS
The company news service from the London Stock Exchange
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