Zotefoams says sales meeting expectations

Zotefoams, which manufactures and sells high-performance foams, said on Wednesday its business has continued to perform in line with expectations following sales growth in 2012.

Zotefoams, which manufactures and sells high-performance foams, said on Wednesday its business has continued to perform in line with expectations following sales growth in 2012.

Ahead of preliminary results for the year ended December 31st 2012, the company said it expected an annual sales growth of 6%.

The firm also reported an 8% increase in fourth quarter sales, compared to the same period the year before.

The high-performance polymers (HPP) business accounted for half the sales increase for the year. Results were also driven by sales in the Azote polyolefin foams business, which climbed 3%.

"The board therefore remains confident of an outcome for 2012 in line with market expectations," the company said in a statement.

Zotefoams gained 0.25% to 203.50p at 9:37 following the trading update. Annual results will be released on March 5th.

RD

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020

Most Popular

A simple way to profit from the next big trend change in the markets
Investment strategy

A simple way to profit from the next big trend change in the markets

Change is coming to the markets as the tech-stock bull market of the 2010s is replaced by a new cycle of rising commodity prices. John Stepek explains…
14 Jan 2021
Forget austerity – governments and central banks have no intention of cutting back
Global Economy

Forget austerity – governments and central banks have no intention of cutting back

Once the pandemic is over will we return to an era of austerity to pay for all the stimulus? Not likely, says John Stepek. The money will continue to …
15 Jan 2021
Here’s why markets have shrugged off the US political turmoil
Investment strategy

Here’s why markets have shrugged off the US political turmoil

Despite all the current political shenanigans in the US, markets couldn’t seem to care less. John Stepek explains why, and what it means for your mone…
7 Jan 2021