Zotefoams (GB:ZTF) has released an update.
Zotefoams PLC has reported robust sales growth of 14% in the first four months of 2024, driven by a 46% increase in High-Performance Products sales, including significant gains in footwear and technical markets. Despite a 7% decline in Polyolefin Foams sales, the company is optimistic about full-year growth, particularly from its High-Performance Products and an improving Polyolefin Foams unit. With the successful CEO transition from David Stirling to Ronan Cox, Zotefoams is poised to continue its strategic initiatives, including the development of its ReZorce packaging technology and expansion of global manufacturing capacity.
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