Zotefoams PLC Trading Update (6024T)
January 09 2017 - 2:00AM
UK Regulatory
TIDMZTF
RNS Number : 6024T
Zotefoams PLC
09 January 2017
Zotefoams plc
("Zotefoams" or "the Company")
Trading Update
9(th) January 2017 - Zotefoams, a world leader in cellular
materials technology, today provides a trading update following the
Company's financial year end on 31 December 2016.
Zotefoams has experienced a particularly strong end to the year
with sales growth of approximately 13% in the second half,
benefitting from growth in HPP sales and favourable FX rates.
During the second half of the year Zotefoams continued to
increase resources in Distribution and Administration to support
expected growth opportunities in 2017 and beyond. Our investment in
global capacity in Walton, Kentucky, USA remains on target to be
operational in H1 2017.
The Board expects to report an outcome in line with market
expectations for the year ended 31 December 2016.
The Company expects to announce preliminary results for the year
ended 31 December 2016 on Tuesday 14 March 2017.
- 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
materials technology. Using a unique manufacturing process with
environmentally friendly nitrogen expansion, Zotefoams produces and
sells lightweight AZOTE(R) polyolefin and ZOTEK(R) high-performance
foams for diverse markets worldwide. Zotefoams uses its own
cellular materials to manufacture T-FIT(R) advanced insulation for
demanding industrial markets. In addition, Zotefoams owns and
licenses patented MuCell(R) microcellular foam technology,
developed specifically for extrusion applications, from a base in
Massachusetts, USA to customers worldwide.
Zotefoams is headquartered in Croydon, UK, with additional
manufacturing sites in Kentucky and Oklahoma, USA (foam products
manufacture and conversion), Massachusetts, USA (MuCell Extrusion)
and Jiangsu Province, China (T-FIT(R)).
www.zotefoams.com
AZOTE(R), ZOTEK(R), T-FIT(R) are registered trademarks of
Zotefoams plc
MuCell(R) is a registered trademark of Trexel Inc.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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January 09, 2017 02:00 ET (07:00 GMT)
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