Zotefoams (LON: ZTF) is reporting its 2020 figures on 23 March and these should indicate how well the foams manufacturer bounced back in the second half. The new factory in Poland is up and running and the outlook is good.
Switzerland based Sekisui Alveo sold its 7.8% stake earlier this month, with the Business Growth Fund, Schroders and Highclere International Investors buying shares. They paid 350p a share, which is well below the current price of 429p.
Full year revenues are expected to increase from £80.9m to around £85m, while pre-tax profit will dip below last year’s figure of £9m. Net debt will increase from the end-2019 figure of £31.9m, but the investment in Poland has been made. Underlying cash generation is strong.
There were variances in the revenue performanc...