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An update from Zotefoams ( (GB:ZTF) ) is now available.
Zotefoams reported strong revenue growth and record profitability for the financial year ending December 2024, surpassing market expectations. The company’s core foams business saw significant sales increases, particularly in high-performance products driven by footwear sales, despite a slight decline in polyolefin sales. The decision to cease investment in the ReZorce packaging project, due to a lack of partners, will allow Zotefoams to focus on its core business units and strategic investments, including increased manufacturing capacity in the US. The company maintains a strong balance sheet, providing flexibility for future strategic plans.
More about Zotefoams
Zotefoams plc is a leading company in cellular materials technology, offering optimal material solutions globally. The company utilizes unique manufacturing processes, including nitrogen expansion for lightweight foams, and supplies its products to diverse markets worldwide. Zotefoams also manufactures advanced insulation for industrial markets and licenses microcellular foam technology.
YTD Price Performance: -6.35%
Average Trading Volume: 125,963
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £142.7M
Find detailed analytics on ZTF stock on TipRanks’ Stock Analysis page.
