Trading Statement (7944V)
January 19 2012 - 2:00AM
UK Regulatory
TIDMRBN
RNS Number : 7944V
Robinson PLC
19 January 2012
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 final results for the year ended 31 December 2011, which are
scheduled to be released on 23 March 2012.
Revenues were GBP21.4m for the year, which represents a 10%
improvement on the previous year and was in line with management's
expectations. Second half revenues were 12% higher than in the
previous year. Approximately half of the increased revenues were
attributable to higher plastic resin costs which were successfully
passed on to customers. Underlying volumes were 5% higher than in
2010.
The revenues of the spiral winding business of Robinson
Paperboard packaging, which has been sold, as announced on 4 July
2011, and the North American paperboard business, which was closed
in December 2010, are excluded from the above numbers.
The Polish operation experienced a slowdown in the relocation of
food and toiletries businesses to Central Europe as a result of the
current economic uncertainties. However, with the help of
significant new business recently gained this division is expected
to resume growth in 2012.
The Board anticipates the final results for 2011 will show
improved profitability from continuing operations together with
further exceptional gains from the sale and closure of the
paperboard businesses.
Despite market conditions remaining subdued, particularly for
the higher end market of branded goods that the Group predominantly
supplies, the directors expect that the addition of recently won
contracts will support continued growth in 2012.
For more information please contact:
Robinson plc
Guy Robinson, Finance Director Tel: 01246 389283
www.robinsonpackaging.com
WH Ireland
Katy Mitchell Tel: 0161 832 2174
Note for Editors:
Headquartered in Chesterfield, with manufacturing facilities in
Kirkby-in-Ashfield, Stanton Hill (Nottinghamshire) and Lodz
(Poland), Robinson currently employs around 225 people. It was
formerly a family business, with its origins dating back some 165
years. Today the Group's main activity is the manufacture and sale
of injection moulded plastic 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 development
potential.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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