Robinson PLC Trading Statement (7654M)
January 25 2016 - 2:00AM
UK Regulatory
TIDMRBN
RNS Number : 7654M
Robinson PLC
25 January 2016
Robinson plc
YEAR END 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 2015, which are
scheduled to be released on 18 March 2016.
Revenues are anticipated to be GBP29.1m for the year, which
represents a 3.7% increase on last year. Two factors have
significantly affected the reported revenues: firstly lower resin
prices, which are passed on to our customers, have resulted in
lower product prices and secondly, the stronger sterling value in
relation to the Polish zloty has reduced the reported value of
Polish sales (currently 38% of Group sales). The two together
amount to a revenue reduction of GBP2.4m whereas underlying Group
volumes actually increased by 12% compared to the prior year.
The directors anticipate trading profits for 2015 will be in
line with market expectations, including a stronger financial
performance at Madrox and as a consequence the earn-out payable to
the vendors in 2016 will be increased.
The general economic conditions suggest a challenging year ahead
with particular pressure on the major brands and the UK grocery
sector. Nevertheless, with new business being added in the first
quarter, the directors expect to deliver revenue and earnings
growth.
For more information please contact:
Robinson plc
Guy Robinson, Finance Director Tel: 01246 389283
www.robinsonpackaging.com
finnCap
Ed Frisby / Giles Rolls, corporate Tel: 020 7220 0500
finance
Stephen Norcross / Alice Lane, corporate
broking
Note for Editors:
Headquartered in Chesterfield, with manufacturing facilities in
Kirkby-in-Ashfield, Stanton Hill (Nottinghamshire), Warsaw and Lodz
(Poland), Robinson currently employs around 310 people. It was
formerly a family business, with its origins dating back some 177
years. Today the Group's main activity is the manufacture and sale
of injection and blow moulded plastic packaging. Robinson operates
primarily within the food, household, 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, McBride, Sonoco, Bakkavor,
Two Sisters and British Pepper & Spice. 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
TSTEALFAALEKEFF
(END) Dow Jones Newswires
January 25, 2016 02:00 ET (07:00 GMT)
Robinson (LSE:RBN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Robinson (LSE:RBN)
Historical Stock Chart
From Jul 2023 to Jul 2024