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Zotefoams plc, a world leader in supercritical fluid foaming, released a positive trading update for the four months ended May 22, 2025, ahead of its Annual General Meeting. The Group maintained its strong performance from the previous financial year, achieving an overall sales growth of 8% and recording £50.7 million in revenue. This success was driven by a 15% increase in Consumer & Lifestyle sales, an 8% increase in Transport & Smart Technologies sales, and a strong focus on three key market verticals: Consumer & Lifestyle, Transport & Smart Technologies, and Construction & Other Industrial.
The Group has also restructured its commercial function, targeting these market verticals and recruiting industry experts. Zotefoams is committed to its investment in a new manufacturing facility in Vietnam, despite recent US tariff announcements, due to the regions dominance in athletic footwear production and the advantages of Asian manufacturing locations.
Additionally, Zotefoams is on track to commission a low-pressure vessel in North America in Q3 2025, enhancing its ability to serve the reshoring high-value manufacturing market. The Board expects overall growth in 2025, despite potential market disruptions from tariffs, due to a strong performance, a growing order book, and opportunities across all geographies. Margins have remained robust, and the Group is well-positioned to adapt to evolving international trade conditions with its global manufacturing footprint.
Zotefoams plc remains confident in its ability to deliver financial and strategic progress in 2025, despite macroeconomic volatility, and is optimistic about its long-term prospects.