Zotefoams acheives record profits, ahead of market expectations

Zotefoams plc (LON:ZTF), a world leader in cellular materials technology, has provided a trading update for the Group’s financial year ended 31 December 2023 (unaudited).

Consistent with the Group’s update of 7 November 2023, the Group expects to report full year revenue in line with current market expectations and similar to the previous year at £127.0m (2022: £127.4m).

Adjusted profit before tax1 for the year is expected to be £13.1m (2022: £12.5m), which is a Group record and approximately 5% ahead of current market expectations2.

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