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Zotefoams revenue jumps 25% thanks to Brexit stockpiling

By BFN News | 09:37 AM | Wednesday 15 May, 2019


Cellular materials technology group Zotefoams said its revenue grew by 25% in the first four months of the year, as it benefited from companies stockpiling due to Brexit concerns. However, the company said it expected a return to trendline growth rates, with a reversal of the inventory build in polyolefin Foams and more demanding prior year comparatives in high-performance products. 'While it is still early in the year, and we are mindful of the less stable political and macroeconomic environment, we expect to meet market expectations for growth for the full year and remain confident about the long-term prospects of the business,' chairman Steve Good said in speech notes for the company's AGM. At 9:37am: (LON:ZTF) Zotefoams PLC share price was +9p at 609p Story provided by StockMarketWire.com

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