Robinson PLC AGM Statement (5720N)
May 10 2018 - 2:00AM
UK Regulatory
TIDMRBN
RNS Number : 5720N
Robinson PLC
10 May 2018
Robinson plc
AGM TRADING STATEMENT
Robinson plc ("Robinson" or the "Group" stock code: RBN), the
custom manufacturer of plastic and paperboard packaging based in
Chesterfield, is holding its Annual General Meeting today at
11.30am. The Chairman, Richard Clothier, will make the following
statement.
"It is particularly satisfying to report sales growth of 15% in
the first four months of 2018. Underlying volumes are 10% higher
with the balance of the increase attributable to resin prices and
foreign exchange rates. With higher costs associated with our plans
for business growth, profits in this period are at a similar level
to 2017.
There are significant investments in new projects planned to
commence in the second half, and the outlook for the year remains
in line with market expectations."
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
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 / Nikita
Jain, 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 179 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
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