Zotefoams has released a Q3 trading update this morning. In the context of difficult industrial markets and supply chains in Q3 (US industrials have started to miss consensus forecasts and downgrading guidance), we think Zotefoams statement is very robust, highlighting substantial underlying demand and top line momentum albeit mitigated by inevitable supply chain pressures which are being managed very well. We think recent underperformance should reverse. Buy.
03 Nov 2021
Zotefoams - Resilient Trading update
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Zotefoams - Resilient Trading update
Zotefoams plc (ZTF:LON) | 384 49.9 3.5% | Mkt Cap: 187.3m
- Published:
03 Nov 2021 -
Author:
Andrew Simms -
Pages:
5
Zotefoams has released a Q3 trading update this morning. In the context of difficult industrial markets and supply chains in Q3 (US industrials have started to miss consensus forecasts and downgrading guidance), we think Zotefoams statement is very robust, highlighting substantial underlying demand and top line momentum albeit mitigated by inevitable supply chain pressures which are being managed very well. We think recent underperformance should reverse. Buy.