Zotefoams ( (GB:ZTF) ) has issued an update.
Zotefoams plc reported record revenue and profitability for the year ended December 31, 2024, with a 16% increase in revenue to £147.8 million and a 20% rise in operating profit before exceptional items. The company has launched a new strategy, ‘Expanding Beyond the Core,’ aimed at driving sustainable growth and shareholder value by focusing on customer needs, innovation, and expanding capabilities. Despite challenges from trade tariffs and a subdued construction market, Zotefoams is well-positioned to capture market share with its diversified manufacturing footprint and regional operating model. The company is investing in new facilities and technology to support its growth ambitions, targeting significant revenue and profit increases by 2029.
More about Zotefoams
Zotefoams plc is a leading company in cellular materials technology, specializing in supercritical foams. The company provides innovative material solutions through unique manufacturing processes, including environmentally friendly nitrogen expansion for lightweight polyolefin and high-performance foams. Zotefoams serves diverse markets globally and produces advanced insulation for industrial markets, while also licensing patented microcellular foam technology for reducing plastic use in extrusion applications.
YTD Price Performance: -16.83%
Average Trading Volume: 87,735
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £128.7M
For detailed information about ZTF stock, go to TipRanks’ Stock Analysis page.