Zotefoams PLC
12 December 2007
12 December 2007
Zotefoams plc
('Zotefoams' or the 'Company')
Trading Update
Results expected to exceed expectations
Zotefoams, which manufactures and sells high-performance foams, today provides a
trading update prior to the Company's financial year end on 31 December 2007.
The business is continuing to perform well in the second half of the year, with
results for 2007 expected to be ahead of market expectations.
To date in 2007, the polyolefin business has grown strongly in the UK, European
and Asian markets. In North America it has shown recovery in the second half of
2007, although it continues to be impacted by the weakness of the US dollar.
Following a good first half performance, sales of high-performance polymers have
continued to grow in the second half. The Company has recently announced that
one of its ZOTEK(R) F products has achieved approval for insulation use in clean
room environments. In both this market and in aviation the Company sees good
future potential.
The Company intends to announce its preliminary financial results for the year
ended 31 December 2007 on 4 March 2008.
Enquiries:
Zotefoams plc 0208-664-1600
David Stirling, Managing Director
Clifford Hurst, Finance Director
Financial Dynamics Limited 0207-831-3113
Ben Brewerton / John Dineen
This information is provided by RNS
The company news service from the London Stock Exchange
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