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Trading Update

9 Jan 2013 07:00

RNS Number : 1164V
Zotefoams PLC
09 January 2013
 



9 January 2013

 

 

Zotefoams plc

("Zotefoams" or "the Company")

 

Trading Update

 

9 January 2013 - Zotefoams, which manufactures and sells high-performance foams, today provides a trading update in relation to the Company's financial year end on 31 December 2012

 

Since the Interim Management Statement dated 26 October 2012, the business has continued to perform in line with management expectations.

 

Fourth quarter sales increased by approximately 8% (12% in constant currency) compared to the same period last year. Our High-Performance Polymers ("HPP") business accounted for approximately half the absolute growth with both the MuCell Extrusion LLC and Polyolefin foam segments also contributing positively compared to 2011.

 

Sales growth for the year is expected to be approximately 6% (10% in constant currency) over 2011, driven by an increase of approximately 50% in sales in our HPP business segment and 3% sales volume growth in our Azote® polyolefin foams business. The euro-denominated price of low density polyethylene (LDPE), our major raw material, was at a similar average price compared to last year.

 

The Board therefore remains confident of an outcome for 2012 in line with market expectations.

 

The Company intends to announce its preliminary results for the year ended 31 December 2012 on Tuesday, 5 March 2013.

 

Enquiries:

Zotefoams plc

0208-664-1600

David Stirling, Managing Director

Clifford Hurst, Finance Director

FTI Consulting

0207-831-3113

Ben Brewerton, John Dineen, Victoria Foster Mitchell

 

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 through its global sales force. Zotefoams also owns and licenses patented MuCell® microcellular foam technology from a base in Massachusetts, USA to customers worldwide and sells T-Tubes® advanced insulation systems made from its patented ZOTEK® fluoropolymer foams.

 

www.zotefoams.com

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTGMGGMRRRGFZM
Date   Source Headline
2nd Aug 20167:00 amRNSInterim Results
29th Jul 20168:30 amRNSHolding(s) in Company
20th Jul 20168:48 amRNSHolding(s) in Company
12th Jul 20162:18 pmRNSDirector/PDMR Shareholding
8th Jul 20164:40 pmRNSSecond Price Monitoring Extn
8th Jul 20164:35 pmRNSPrice Monitoring Extension
16th Jun 20164:40 pmRNSSecond Price Monitoring Extn
16th Jun 20164:35 pmRNSPrice Monitoring Extension
14th Jun 201610:31 amRNSDirector/PDMR Shareholding
13th Jun 20168:24 amRNSHolding(s) in Company
1st Jun 20164:18 pmRNSDirector/PDMR Shareholding
27th May 20169:10 amRNSChange in director's details
18th May 20163:37 pmRNSResult of AGM
18th May 20167:00 amRNSAGM Trading Update
13th May 201611:43 amRNSDirector/PDMR Shareholding
3rd May 20169:21 amRNSHolding(s) in Company
22nd Apr 20161:58 pmRNSDirector/PDMR Shareholding
20th Apr 20169:54 amRNSDirector/PDMR Shareholding
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6th Apr 201612:07 pmRNSDirector/PDMR Shareholding
1st Apr 20169:10 amRNSBoard Committee Changes
23rd Mar 20165:09 pmRNSDirector/PDMR Shareholding
23rd Mar 201611:30 amRNSDirector/PDMR Shareholding
23rd Mar 20168:27 amRNSHolding(s) in Company
23rd Mar 20168:25 amRNSHolding(s) in Company
22nd Mar 20164:22 pmRNSHolding(s) in Company
21st Mar 20162:41 pmRNSHolding(s) in Company
15th Mar 20167:00 amRNSPreliminary Results
14th Mar 20168:32 amRNSDirector/PDMR Shareholding
19th Feb 20164:35 pmRNSPrice Monitoring Extension
17th Feb 201611:27 amRNSHolding(s) in Company
12th Feb 20169:01 amRNSDirector/PDMR Shareholding
11th Feb 20167:00 amRNSAnnounces the launch of T-FIT® insulation products
19th Jan 201610:43 amRNSHolding(s) in Company
18th Jan 20169:11 amRNSHolding(s) in Company
14th Jan 20167:00 amRNSTrading Statement
12th Jan 20161:16 pmRNSDirector/PDMR Shareholding
10th Dec 20155:02 pmRNSDirector/PDMR Shareholding
3rd Dec 20153:30 pmRNSHolding(s) in Company
1st Dec 201511:54 amRNSHolding(s) in Company
30th Nov 20159:59 amRNSTotal Voting Rights
25th Nov 20151:28 pmRNSApplication for the listing of shares
24th Nov 20157:00 amRNSAppointment of Finance Director Designate
2nd Nov 20157:00 amRNSThird Quarter Trading Update
2nd Oct 20154:45 pmRNSHolding(s) in Company
2nd Oct 20159:06 amRNSHolding(s) in Company
8th Sep 20153:56 pmRNSDirector/PDMR Shareholding
7th Aug 20159:00 amRNSDirector/PDMR Shareholding

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