Itaconix (ITX)

Sector:

Industrial Chemicals

Index:

FTSE AIM All-Share

 145.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 263.00
  • 52 Week Low: 114.00
  • Currency: UK Pounds
  • Shares Issued: 13.49m
  • Volume: 6,131
  • Market Cap: 19.55m

Itaconix sees 'strong' H1 revenue growth despite 'small decline' in personal care unit

By Iain Gilbert

Date: Tuesday 08 Jun 2021

LONDON (ShareCast) - (Sharecast News) - Plant-based polymers developer Itaconix said on Tuesday that "strong revenue growth" in its odour control unit, continued growth in detergents and "a small decline" in personal care had combined to boost overall unaudited revenues by 39% over the first five months of the year.
Itaconix said product volumes in odour control applications were leading revenue growth in early 2021, with recurring orders coming in from North America, Europe, and Asia from the "continued success" of customer products.

Product volumes in detergent applications increased for the first five months despite order delays in North America from disruptions in the supply of other detergent ingredients.

However, year-to-date personal care applications were slightly less than the same period a year ago as shipments in the last part of 2020 met customer needs during the lockdowns in North America and Europe, with the AIM-listed group expecting there to potentially be a period of "variable order patterns" as formulators return to work and consumers return to "more normal buying behaviours" as they emerge from the Covid-19 pandemic.

Chief executive John Shaw said: "Our focus on being key ingredients in everyday consumer products is delivering continued commercial progress on the revenue potential in every household for our plant-based technologies.

"As we increase recognition of the company's green credentials, improve our balance sheet, and expand our line of sustainable products, we are positioning Itaconix for new routes to broader revenue horizons in the emerging low-carbon economy."

As of 0955 BST, Itaconix shares were down 14.66% at 13.82p.

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Itaconix Market Data

Currency UK Pounds
Share Price 145.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 263.00
52 Week Low 114.00
Volume 6,131
Shares Issued 13.49m
Market Cap 19.55m

Itaconix Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
17.59% below the market average17.59% below the market average17.59% below the market average17.59% below the market average17.59% below the market average
25% below the sector average25% below the sector average25% below the sector average25% below the sector average25% below the sector average
Price Trend
29.86% below the market average29.86% below the market average29.86% below the market average29.86% below the market average29.86% below the market average
41.18% above the sector average41.18% above the sector average41.18% above the sector average41.18% above the sector average41.18% above the sector average
Income Not Available
Growth
50.48% above the market average50.48% above the market average50.48% above the market average50.48% above the market average50.48% above the market average
64.71% above the sector average64.71% above the sector average64.71% above the sector average64.71% above the sector average64.71% above the sector average

Itaconix Dividends

No dividends found

Trades for 12-Jul-2024

Time Volume / Share Price
11:45 1,788 @ 146.50p
11:39 3 @ 149.00p
09:40 193 @ 149.00p
08:35 2,000 @ 146.00p
08:31 2,147 @ 149.00p

Itaconix Key Personnel

CEO John Shaw
CFO Laura Denner

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