Zotefoams continues recovery

Investors reacted positively to better than expected interim figures from foams manufacturer Zotefoams (LON: ZTF) with volumes and revenues growing. This led to an upgrade of pre-tax profit forecasts.

Price increases and an additional 4% of volume meant that interim revenues were 23% ahead at £59m. There was also help from currency movements. Polyolefin foam sales increased by 26%, although this division was held back by limited availability of certain additives for higher margin products. High performance foam sales were 21% higher, with strong growth in footwear, and the main profit impr...

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