Zotefoams issued a trading update for the Group's financial year ended 31 December 2024. The Board said, following a strong performance in fourth quarter, it expects to report full year revenue of 147.8 million pounds compared to 127.0 million pounds, last year. This is slightly ahead of current market expectations and represents a significant increase of 16% compared with the prior year. Adjusted profit before tax for the year is expected to be 15.6 million pounds compared to 13.1 million pounds, last year, up 19%, which is also ahead of current market expectations.
The Group expects to publish its preliminary results for the year ended 31 December 2024 on 18 March 2025.
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