Zotefoams plc Announces Sale Results for the Fourth Quarter Ended December 31, 2012; Provides Sales Guidance for the Year Ended December 31, 2012
The company provides sale guidance for the year, sales growth for the year is expected to be approximately 6% over 2011, driven by an increase of approximately 50% in sales in HPP business segment and 3% sales volume growth in Azote® polyolefin foams business. The euro-denominated price of low density polyethylene, its major raw material, was at a similar average price compared to last year. The Board therefore remains confident of an outcome for 2012 in line with market expectations.