Zotefoams, a world leader in cellular material technology – Third Quarter Trading Update

Zotefoams Images 2015

Zotefoams plc

(Zotefoamsor the Company)

Third Quarter Trading Update

Strong Polyolefin foams performance drives sales growth

Appointment of Chairman Designate

2 November 2015 Zotefoams, a world leader in cellular material technology, today provides a

trading update for the third quarter ended 30 September 2015.

Following the 10% increase in sales¹ in constant currency during the first half of 2015, Zotefoams

experienced continued sales growth in the third quarter, driven by a strong performance in Polyolefin

foams. Sales in High-Performance Products were similar to a very strong third quarter in 2014, with

further revenue growth expected in the final quarter of the year, particularly in T-Tubes® insulation

products. Revenue growth from MuCell Extrusion LLC, the Companys technology licensing business,

is also expected to be more strongly weighted to the final quarter of this year due to timing of equipment

shipments to licensees.

In Walton, Kentucky, USA, our major investment to increase global manufacturing capacity in support

of future growth is anticipated to commence manufacturing in the third quarter of 2016.

Following a thorough search and selection process, Steve Good, a Non-executive Director of the

Company since October 2014, has been appointed Chairman Designate with immediate effect in

preparation for the retirement of current Chairman, Nigel Howard, on 31 March 2016.

David Stirling, Group Chief Executive Officer, comments; Nigel has been Chairman of Zotefoams since

2007 and has led Zotefoams through a phase of transformational development in its technology and

market presence. The Board wishes to express its gratitude to Nigel for his many contributions during

his tenure as Chairman of the Company and wishes him well for the future. We are delighted that Steve

is stepping into the role of Chairman Designate and look forward to his continued support and guidance

at the helm of the Company.

The business is trading well and we have strong order books in all three of our business units for the

final quarter of this year. Whilst being mindful of the potential impact of economic conditions the

Company continues to expect 2015 to be another year of progress and remains confident about the

long-term prospects for the business.


Zotefoams plc

David Stirling, Group CEO 0208-664-1600

Clifford Hurst, Finance Director

FTI Consulting 0203-727-1000

Victoria Foster Mitchell/Simon Conway


1 Sales consolidates all external sales made by the joint-ventures as well as those made by Zotefoams plc and its subsidiaries.

Steve Good – Non-Executive Director and Chairman designate

Appointed to the Board in October 2014. Steve was chief executive of Low & Bonar PLC between 2009

and 2014. Prior to that role, he was managing director of its Technical Textiles division for 3 years,

director of its new business for one year and managing director of its Plastics Division for one year.

Prior to joining Low & Bonar he spent 10 years with BTP plc (now part of Clariant) in a variety of

leadership positions managing international speciality chemicals businesses. Steve is a chartered

accountant. Steve is a non-executive director of Elementis plc, Cape plc and Anglian Water Services


About Zotefoams plc

Zotefoams plc (LSE – ZTF) is a world leader in cellular material technology. Using a unique

manufacturing process with environmentally friendly nitrogen expansion, Zotefoams produces

lightweight foams in Croydon, UK and Kentucky, USA for diverse markets worldwide through its global

sales force. Zotefoams also owns and licenses patented MuCell® microcellular foam technology from

a base in Massachusetts, USA to customers worldwide and sells T-Tubes® advanced insulation

systems made from its patented ZOTEK® fluoropolymer foams.


ZOTEK® is a registered trademark of Zotefoams plc. MuCell® is a registered trademark of Trexel Inc.

T-Tubes® is a registered trademark of UFP Technologies Inc.




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