REG - Zotefoams PLC - Trading Update <Origin Href="QuoteRef">ZTF.L</Origin>

ZotefoamsAnnouncement

09/01/2017 07:01

RNS Number : 6024T
Zotefoams PLC
09 January 2017
Zotefoams plc
("Zotefoams" or "the Company")
Trading Update
9th 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 polyolefin and ZOTEK high-performance foams for diverse markets worldwide. Zotefoams uses its own cellular materials to manufacture T-FIT advanced insulation for demanding industrial markets. In addition, Zotefoams owns and licenses patented MuCell 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). 
www.zotefoams.com
AZOTE, ZOTEK, T-FIT are registered trademarks of Zotefoams plc
MuCell is a registered trademark of Trexel Inc.

This information is provided by RNS
The company news service from the London Stock Exchange
  END
TSTKMGGMZRFGNZZ