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Pin to quick picksZotefoams Plc Regulatory News (ZTF)

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Spread: 4.00 (0.939%)
Market Cap: £208.53m
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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
4th Aug 20157:00 amRNSHalf Yearly Report
10th Jul 20157:00 amRNSTrading Update
9th Jul 201511:38 amRNSHolding(s) in Company
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13th May 20153:00 pmRNSResult of AGM
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20th Oct 20147:01 amRNSDirector Declaration
6th Oct 20142:07 pmRNSDirector/PDMR Shareholding
25th Sep 20147:00 amRNSAppointments of Non-executive Directors
19th Sep 201410:31 amRNSHolding(s) in Company
19th Sep 201410:30 amRNSHolding(s) in Company
17th Sep 20149:45 amRNSDirector/PDMR Shareholding
17th Sep 20149:41 amRNSTotal Voting Rights
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12th Sep 20147:00 amRNSPlacing to raise approximately £8.8m
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29th Jul 201411:17 amRNSHolding(s) in Company
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13th May 20143:31 pmRNSDirectorate Change
22nd Apr 201412:41 pmRNSUnilever to use MuCell technology for Dove bottles
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9th Apr 20149:06 amRNSDirector/PDMR Shareholding
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18th Mar 20147:00 amRNSFinal Results
15th Jan 20147:00 amRNSTrading Update
19th Nov 20134:19 pmRNSHolding(s) in Company
23rd Oct 20137:00 amRNSTrading Update and Interim Management Statement
17th Oct 20131:21 pmRNSHolding(s) in Company
1st Oct 20132:13 pmRNSDirector Declaration
21st Aug 201312:15 pmRNSDirector/PDMR Shareholding
15th Aug 201312:26 pmRNSDirector/PDMR Shareholding
6th Aug 20137:00 amRNSHalf Yearly Report

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