ZOTEFOAMS PLC (ZTF) — Interim Results

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen. Welcome to the ZOTEFOAMS PLC Interim Results Investor Presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged. They can be submitted at any time using the Q and A tab. Just situated on the right hand corner of your screen, simply type in your questions at any time and press send. Given the attendance on today's call, the company may not be in a position to answer every question it receives during the meeting itself. However, the company can review your questions submitted today, we'll publish those responses on the Investor Meet company platform. Before we begin, we'd like to submit the following poll. And if you could give that your kind attention, I'm sure the company would be most grateful. I'd now like to hand over to the team from ZOTEFOAMS, Gary Ronen. Good afternoon. Thank you, Mark, and good afternoon, everyone, and welcome to the h one twenty twenty four interim update result folks. I'll make it straight into the deck. I'll take the important information as read. Okay. So h one performance. A record performance in both revenue and profit. Group revenue up 10% to 71,100,000. That was a profit before tax to a record of 8,300,000, so 12%. And net of the investment in resource, a driving a record profit of 10,500,000. Gross margin, so improvement of a 40 basis points to 33.2%. The real engine for for growth in in h one has very much been high performance products, and and within that, the footwear business with Nike, and that grew by 37% to 36,100,000. I'll go into into quite a bit more detail on the drivers behind that later in the presentation. In terms of the the the key highlights, the the footwear business, as I as I said, is a is a real engine for growth, so ...