Zotefoams PLC
29 June 2007
29 June 2007
Zotefoams plc (the 'Company')
Trading Update
Zotefoams plc announces its trading update for the six months ending 30 June
2007.
In line with comments made in its AGM statement released on 10 May 2007, the
Company has experienced an encouraging start to the year with overall trading in
the first six months of the year in line with expectations despite a weaker US
dollar.
In Polyolefin foams, sales in the UK and continental European markets are ahead
of the same period last year and showing encouraging growth while in North
America sales have declined in local currency due to lower levels of spending in
construction and military sectors combined with a temporary decline in purchases
by a medical customer.
In our emerging High-Performance Polymers segment sales have grown in excess of
50% compared to the same period last year, mainly in the North American
aerospace market and we are also working on a number of exciting projects in the
pharmaceutical and semiconductor markets. Although the timing of these
opportunities is uncertain we continue to believe they will offer good future
potential for the business.
Overall the Board remains confident that the Company will continue to make good
progress in 2007.
The Company will announce its interim results on Tuesday 7 August 2007.
Enquiries:
Zotefoams plc 0208-664-1600
David Stirling, Managing Director
Clifford Hurst, Finance Director
Financial Dynamics Limited 0207-831-3113
Ben Brewerton
This information is provided by RNS
The company news service from the London Stock Exchange
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