Zotefoams (ZTF)

Sector:

Industrial Chemicals

Index:

FTSE Small Cap

438.00p
   
  • Change Today:
    -12.00p
  • 52 Week High: 500.00p
  • 52 Week Low: 353.00p
  • Currency: UK Pounds
  • Shares Issued: 48.62m
  • Volume: 12,778
  • Market Cap: £212.96m
  • RiskGrade: 186

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 438.00p
Change Today -12.00p
% Change -2.67 %
52 Week High 500.00p
52 Week Low 353.00p
Volume 12,778
Shares Issued 48.62m
Market Cap £212.96m
RiskGrade 186

Zotefoams Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
31.28% below the market average31.28% below the market average31.28% below the market average31.28% below the market average31.28% 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
35.47% below the market average35.47% below the market average35.47% below the market average35.47% below the market average35.47% below 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
Income
66.06% below the market average66.06% below the market average66.06% below the market average66.06% below the market average66.06% below the market average
Sector averageSector averageSector averageSector averageSector average
Growth
5.37% above the market average5.37% above the market average5.37% above the market average5.37% above the market average5.37% 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 29-Jul-2021

Time Volume / Share Price
16:35 44 @ 445.00p
16:35 265 @ 438.00p
16:29 37 @ 445.00p
16:29 7 @ 445.00p
16:29 159 @ 441.00p

Zotefoams Key Personnel

CEO David Stirling
Finance Director Gary McGrath

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