Zotefoams (ZTF)

Sector:

Industrial Chemicals

Index:

FTSE Small Cap

436.00p
   
  • Change Today:
    -14.00p
  • 52 Week High: 500.00
  • 52 Week Low: 353.00
  • Currency: UK Pounds
  • Shares Issued: 48.62m
  • Volume: 1,109
  • Market Cap: £211.99m
  • RiskGrade: 186

Zotefoams expects annual profit at top of expectations

By Sean Farrell

Date: Wednesday 01 Nov 2017

LONDON (ShareCast) - (ShareCast News) - Zotefoams said it expected annual profit at the top of market expectations after the maker of foam products traded strongly in the third quarter.


Revenue for the year will be higher than analysts expect after growth of 22% in the three months to the end of September. Stripping out currency movements, sales rose 16% in the third quarter with growth across all Zotefoams' businesses.

The company said a strong order book for the fourth quarter gave it confidence revenue would beat expectations for the year and that adjusted pretax profit to be at the top of market forecasts.

Shares of Zotefoams shares rose 7.9% to 379.75p at 09:35 GMT.

Zotefoams is based in the London suburb of Croydon with manufacturing operations there and in Kentucky, USA. It makes polyolefin block foams for use in products ranging from air conditioning systems and cars to camping mats and cricket pads.

David Stirling, Zotefoams' chief executive, said: "We are delighted with the strong organic growth achieved across all business units during the third quarter of 2017. We are investing significantly in new equipment and enhanced business capability. The board is confident of another year of positive progress and about the long-term prospects for the business."

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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 436.00p
Change Today -14.00p
% Change -3.11 %
52 Week High 500.00
52 Week Low 353.00
Volume 1,109
Shares Issued 48.62m
Market Cap £211.99m
RiskGrade 186

Zotefoams Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
30.99% below the market average30.99% below the market average30.99% below the market average30.99% below the market average30.99% below the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average
Price Trend
32.18% below the market average32.18% below the market average32.18% below the market average32.18% below the market average32.18% below the market average
55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average
Income
65.94% below the market average65.94% below the market average65.94% below the market average65.94% below the market average65.94% below the market average
Sector averageSector averageSector averageSector averageSector average
Growth
5.69% above the market average5.69% above the market average5.69% above the market average5.69% above the market average5.69% above the market average
44.44% below the sector average44.44% below the sector average44.44% below the sector average44.44% below the sector average44.44% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 3
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 06-May-21 10-Sep-20
Paid 01-Jun-21 09-Oct-20
Amount 4.27p 2.03p

Trades for 27-Jul-2021

Time Volume / Share Price
16:35 20 @ 436.00p
14:14 269 @ 445.00p
13:38 500 @ 444.00p
12:02 160 @ 437.00p
11:30 160 @ 439.00p

Zotefoams Key Personnel

CEO David Stirling
Finance Director Gary McGrath

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