Zotefoams PLC
LSE:ZTF

Watchlist Manager
Zotefoams PLC Logo
Zotefoams PLC
LSE:ZTF
Watchlist
Price: 396 GBX -2.22%
Market Cap: 195m GBX

Zotefoams PLC
Investor Relations

Zotefoams Plc engages in manufacturing and marketing cross-linked polyolefin block foams. The company is headquartered in Croydon, Surrey. The firm manufactures and sells foams and licenses related technology for specialist markets worldwide. The firm's segments include Polyolefin foams, High-Performance Products (HPP) and MuCell Extrusion LLC (MEL). Polyolefin foams are made from olefinic homopolymer and copolymer resin. High-Performance Products (HPP) include polyvinylidene fluoride (PVDF) fluoropolymer and polyamide (nylon) and polyether block amide (PEBA. The firm's foams are sold under the brand name ZOTEK while technical insulation products manufactured from certain materials are branded as T-FIT. MEL licenses microcellular foam technology and sells related machinery. The firm's products are used in a range of markets, including sports and leisure, packaging, transport, medical, Industrial, building and medical other construction, and other.

Show more
Loading
ZTF
FTSE All Share Index
No Stocks Selected

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare
Last Earnings Call
Fiscal Period
Q2 2023
Call Date
Aug 8, 2023
AI Summary
Q2 2023

Revenue Growth: Zotefoams reported a 9% increase in revenue for the first half, with high-performance foams up 11% and polyolefin foams up 10%.

Margin Recovery: Gross margin improved by nearly 400 basis points to 32.8%, driven by realignment of selling prices with input costs and stabilization of raw material and energy prices.

Profit Increase: Profit before tax rose 30%, and excluding investment in the ReZorce project, profit before tax was up 49% to GBP 9.4 million.

Strong Cash Generation: The company paid down GBP 10 million in debt over the past 12 months and maintained leverage at 1.1x.

Dividend Raised: Interim dividend increased by 4.5%, reflecting management's confidence.

Strategic Progress: Extended an exclusivity agreement with Nike for another 6 years and signed a joint development agreement with a leading beverage packaging company for ReZorce cartons.

FY Guidance Reaffirmed: Management remains confident in meeting full-year market expectations, but notes a cautious short-term outlook given industrial softness in Europe.

Key Financials
Revenue
GBP 64.5 million
Gross Margin
32.8%
Profit Before Tax
GBP 7.5 million
Profit Before Tax (excluding ReZorce investment)
GBP 9.4 million
Earnings Per Share
up 22%
Interim Dividend
2.28p
Net Debt
GBP 28.3 million
Leverage
1.1
Segment Profit Margin (Polyolefin Foams)
13.2%
Earnings Call Recording
Other Earnings Calls
2023

Management

Mr. Gary Christopher McGrath
Group CFO & Executive Director
No Bio Available
Mr. Ronan Michael Cox
Group CEO & Executive Director
No Bio Available
Mr. Benito Sala
Managing Director of Europe, UK
No Bio Available
Ms. Lydia Florinette Gabrielle Harratt
Company Secretary
No Bio Available

Contacts

Address
SURREY
Croydon
675 Mitcham Road
Contacts
+442086641600.0
www.zotefoams.com