Zotefoams (ZTF)

Sector:

Industrial Chemicals

Index:

FTSE Small Cap

385.00p
   
  • Change Today:
    -4.00p
  • 52 Week High: 494.00
  • 52 Week Low: 355.00
  • Currency: UK Pounds
  • Shares Issued: 48.62m
  • Volume: 5,814
  • Market Cap: £187.19m
  • RiskGrade: 186
  • Beta: 0.02

Zotefoams annual revenue to beat expectations

By Sean Farrell

Date: Wednesday 26 May 2021

LONDON (ShareCast) - (Sharecast News) - Zotefoams predicted annual revenue would increase well ahead of expectations after a strong start to 2021.
The maker of polyolefin foams said revenue increased 60% in the four months to the end of April from a year earlier and 14% from the same period in 2019. March and April both racked up record revenue.

High performance products rose 133% from 2020 and 61% from 2019 and footwear demand remained strong and at similar levels to late 2020. Weak aviation markets meant non-footwear sales were well below pre-crisis levels.

Zotefoams said strong revenue growth would offset short-term inflationary impact on margins, the weaker US dollar and a planned increase in product and commercial development costs. The company has increased prices to reduce the impact of higher raw materials costs.

Chief Executive David Stirling said: "We have delivered very strong sales growth in the first four months of the year, despite currency headwinds and the continuing negative impact of Covid-19 related factors in some markets. We anticipate this sales momentum to continue, supported by a strong order book at the end of April, albeit against more challenging comparatives for the remainder of the year.

"While it is still early in the year and we are mindful of the volatile macroeconomic environment, we anticipate group revenue to be significantly ahead of market expectations for the full year. We are comfortable with current market expectations for growth in profit and reduction in leverage for the year and remain confident about the long-term prospects of the business."

Zotefoams shares rose 7.2% to 433.95p at 09:47 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 385.00p
Change Today -4.00p
% Change -1.03 %
52 Week High 494.00
52 Week Low 355.00
Volume 5,814
Shares Issued 48.62m
Market Cap £187.19m
Beta 0.02
RiskGrade 186

Zotefoams Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
32.78% below the market average32.78% below the market average32.78% below the market average32.78% below the market average32.78% below the market average
52.94% above the sector average52.94% above the sector average52.94% above the sector average52.94% above the sector average52.94% above the sector average
Price Trend
60.98% below the market average60.98% below the market average60.98% below the market average60.98% below the market average60.98% below the market average
15.79% below the sector average15.79% below the sector average15.79% below the sector average15.79% below the sector average15.79% below the sector average
Income
54.3% below the market average54.3% below the market average54.3% below the market average54.3% below the market average54.3% below the market average
Sector averageSector averageSector averageSector averageSector average
Growth
8.73% below the market average8.73% below the market average8.73% below the market average8.73% below the market average8.73% below the market average
77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% 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
  Interim Final
Ex-Div 09-Sep-21 06-May-21
Paid 08-Oct-21 01-Jun-21
Amount 2.10p 4.27p

Trades for 20-Jan-2022

Time Volume / Share Price
16:35 10 @ 385.00p
16:29 66 @ 385.00p
16:29 5 @ 388.00p
15:58 172 @ 385.00p
15:37 1,600 @ 388.69p

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