StockMarketWire.com - Cellular materials technology company Zotefoams has warned group sales for the second half of 2019 will be approximately £2m below the first half, following a significant deterioration in the market for polyolefin foams in continental Europe.

Since its interim results in August, growth in the North American market has also slowed and is now expected to be below its previous estimates.

Zotefoams reported anticipated polyolefin foam sales are likely to be around £6m below current market estimates, resulting in lower group sales for the second half of the year.

It reported the board remained confident in the growth strategy and capacity enhancement investments the company is making and in the long-term prospects of the business.


At 9:35am: [LON:ZTF] Zotefoams PLC share price was -195.5p at 339.5p



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