Zotefoams sees in-line FY outcome

Zotefoams said directors expect to report an outcome in line with market expectations for the year ended 31 December 2016.

The company has experienced a particularly strong end to the year with sales growth of about 13% in H2, benefitting from growth in HPP sales and favourable FX rates.

During the second half of the year Zotefoams continued to increase resources in Distribution and Administration to support expected growth opportunities in 2017 and beyond. Our investment in global capacity in Walton, Kentucky, USA remains on target to be operational in H1 2017.

The Company expects to announce preliminary results for the year ended 31 December 2016 on Tuesday 14 March 2017.

At 9:50am: (LON:ZTF) Zotefoams PLC share price was +14.13p at 261.63p