Zotefoams (ZTF)

Sector:

Industrial Chemicals

Index:

FTSE Small Cap

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588.00p
   
  • Change Today:
    -8.00p
  • 52 Week High: 706.00p
  • 52 Week Low: 510.00p
  • Currency: UK Pounds
  • Shares Issued: 48.30m
  • Volume: 2,534
  • Market Cap: £284.01m
  • RiskGrade: 154

Zotefoams sees profits jump after US expansion

By Duncan Ferris

Date: Tuesday 07 Aug 2018

LONDON (ShareCast) - (Sharecast News) - Cellular material technology developer Zotefoams on Tuesday reported a 64% jump in first-half profit as US sales increased after capacity expansion.
The firm saw its pretax profit climb to £4.6m and revenue increase by 12% to £37.9m in the six months ended 30 June, after sales of polyolefin foams increased by 2% in the USA, where the company has sites in Kentucky and Oklahoma and Massachusetts, following the aforementioned expansion.

The block foam manufacturer's performance fell in line with the board's expectations, with the company reporting that net debt decreased by £10.82m from £17.96m in December to reach £7.14m.

Consequently, the company increased its interim dividend by 3.1% to 1.97 pence per share.

David Stirling, group chief executive, said: "In the first half of 2018 we also commissioned the initial phase of capacity expansion in Kentucky, USA, which allowed us to increase sales volumes in what remains a capacity constrained environment. Sales of higher value high performance products have grown very strongly and now represent 24% of group sales."

Stirling added that the London listed company entered the second half of the year with a strong order book, a differentiated portfolio and growth expectations across all business units.

"Zotefoams' ambition is to be the world leader in cellular materials technology in our chosen markets and, in the period, we have delivered strong organic growth and accelerated our investment plans to realise this ambition," said Stirling.

Zotefoams' shares were down 6.14% at 520.00p at 1523 BST.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Zotefoams Market Data

Currency UK Pounds
Share Price 588.00p
Change Today -8.00p
% Change -1.34 %
52 Week High 706.00p
52 Week Low 510.00p
Volume 2,534
Shares Issued 48.30m
Market Cap £284.01m
RiskGrade 154

Zotefoams Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
97.75% below the market average97.75% below the market average97.75% below the market average97.75% below the market average97.75% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
48.08% above the market average48.08% above the market average48.08% above the market average48.08% above the market average48.08% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Income
97.85% below the market average97.85% below the market average97.85% below the market average97.85% below the market average97.85% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
62.11% above the market average62.11% above the market average62.11% above the market average62.11% above the market average62.11% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 5
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Zotefoams Dividends

  Latest Previous
  Final Interim
Ex-Div 25-Apr-19 14-Sep-18
Paid 30-May-19 11-Oct-18
Amount 4.15p 1.97p

Trades for 26-Jun-2019

Time Volume / Share Price
09:09 627 @ 588.00p
09:00 1,194 @ 582.00p
09:00 306 @ 584.00p
08:44 407 @ 586.52p

Zotefoams Key Personnel

CEO David Stirling
Finance Director Gary McGrath

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