Zotefoams Plc (LON:ZTF), a world leader in cellular materials technology, today provided a trading update following the Company’s financial year end on 31 December 2017.
The company said that it is pleased to report continued strong trading through to the end of the year, continuing the trend of the first three quarters.
· Full year revenues expected to be ahead of current market expectations
· Adjusted profit before tax and exceptional items for the year ending 31 December 2017 expected to be at the top end of the range of market expectations
· US plant construction completed, commissioning has begun with expected hand-over to manufacturing in February
The Company expects to announce preliminary results for the year ended 31 December 2017 on Tuesday 13 March 2018.
Commenting on the update David Stirling, Group CEO of Zotefoams Plc, said: “We are delighted to report robust growth across all business units during 2017 and, with good progress in the development of our portfolio of future opportunities, enter 2018 with a strong order book and confident about the future. We are excited at the commissioning of our new capacity in Walton, USA, as well as the continued commitment to growth demonstrated by our previously announced £12m investment to boost manufacturing capacity at our Croydon, UK, facility.”