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Pin to quick picksZotefoams Plc Regulatory News (ZTF)

Share Price Information for Zotefoams Plc (ZTF)

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437.00    -3.00 (-0.68%)
Bid:
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Spread: 1.50 (0.342%)
Market Cap: £214.92m
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Trading Update

5 Jul 2011 07:00

RNS Number : 7555J
Zotefoams PLC
05 July 2011
 



 

Zotefoams plc

("Zotefoams" or "the Company")

Trading Update

5 July 2011 - Zotefoams, which manufactures and sells high-performance foams, today, announces its trading update for the six months ended 30 June 2011.

Like-for-like sales excluding the consolidation of MuCell Extrusion LLC ("MEL") for the six months ended 30 June 2011 are approximately 10% above that in the same period last year driven by growth in our Azote® polyolefin foam products. Revenues from our High-Performance Polymers for the first half of 2011, which depend on the phasing of relatively large shipments, are at a similar level to that experienced in the first half of 2010.

The integration of MEL, which is trading in line with our expectations, into the Zotefoams Group is now substantially complete. We are planning to invest further resource in this business to support our medium term plans for growth.

As previously reported, raw material prices have been significantly higher than the equivalent period last year with certain supply related issues caused by high levels of market demand for polymer products worldwide. This has impacted margins in the short term but now operational improvements and the benefit of sales price increases are being seen in the business.

Overall, with the benefit of higher sales levels in the first half of the year, the Company is trading in line with expectations and the Board remains confident of the Company's future prospects.

The Company will announce its interim results for the six months ended 30 June 2011 on Tuesday, 2 August 2011.

Enquiries:

 

Zotefoams plc 0208-664-1600

David Stirling, Managing Director

 

Clifford Hurst, Finance Director

 

 

Financial Dynamics Limited 0207-831-3113

 

Ben Brewerton/John Dineen

 

 

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 light-weight 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
 
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TSTZMGGNNDLGMZM
Date   Source Headline
9th Aug 20167:00 amRNSTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
3rd Aug 20168:51 amRNSHolding(s) in Company
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
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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
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22nd Apr 20161:58 pmRNSDirector/PDMR Shareholding
20th Apr 20169:54 amRNSDirector/PDMR Shareholding
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15th Apr 20167:00 amRNSBest Chemicals PLC at the UK Stock Market Awards
12th Apr 20161:53 pmRNSDirector/PDMR Shareholding
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

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