Trading Statement (4346Y)
December 22 2010 - 5:42AM
UK Regulatory
TIDMRBN
RNS Number : 4346Y
Robinson PLC
22 December 2010
22 December 2010
FOR IMMEDIATE RELEASE
Robinson plc
Trading Statement
Robinson plc ("Robinson" or the "Group"; stock code: RBN), the
custom manufacturer of plastic and paperboard packaging, today
issues the following trading statement, prior to the announcement
of its preliminary results for the year ended 31 December 2010,
which are scheduled to be released on 25 March 2011.
Revenues are expected to have grown by 13% compared to the
previous year which more than reverses the 8% fall seen last year.
Revenues in the second half are expected to be 8% higher than in
the corresponding period in 2009. The increased revenues are partly
due to higher selling prices resulting from increased raw material
costs. Underlying volumes in 2010 are expected to be 6% higher than
in the previous year. The increased revenues arise in both the
paperboard and plastics operations and the Board anticipates
continued growth in 2011.
The North American paperboard business, which has been loss
making in recent years and represented 6% of Group revenues in
2009, continues to suffer from exposure to the US market and
adverse exchange rates. After conducting a review of its available
options, the Board has decided to place this business into
administration with immediate effect and will include any costs of
closure, which are not expected to be significant, in the 2010
results.
About Robinson
Based in Chesterfield, with additional manufacturing facilities
in Kirkby-in-Ashfield, Stanton Hill (Nottinghamshire) and Lodz
(Poland). Robinson currently employs around 350 people. It was
formerly a family business, with its origins dating back some 165
years. Today the Group's main activities are in the manufacture and
sale of injection moulded plastic and rigid paperboard packaging.
Robinson operates primarily within the food, drink, confectionery,
cosmetic and toiletry sectors, providing niche or custom
manufacture to major players in the fast moving consumer goods
market, such as Proctor & Gamble, Nestle, Kraft, United
Biscuits, Northern Foods, Masterfoods, Bakkavor, Unilever, Avon,
Boots and Dr Oetker. The Group also has a substantial property
portfolio with significant development potential.
For further information, please contact:
Adam Formela, Chief Executive, Robinson
plc 01246 505196
Guy Robinson, Finance Director, Robinson
plc www.robinsonpackaging.com
Nick Tulloch, Arbuthnot Securities Limited
Paul Gillam, Arbuthnot Securities Limited 020 7012 2000
Robinson plc, Chesterfield, S40 2PH, UK.
Registered number 39811 (England) AIM code "RBN"
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
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