Robinson PLC AGM Statement (4396Y)
May 09 2019 - 2:00AM
UK Regulatory
TIDMRBN
RNS Number : 4396Y
Robinson PLC
09 May 2019
9 May 2019
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 11.30
am. The Chairman, Alan Raleigh, will make the following
statement:
"It is pleasing to report sales growth of 15% in the first four
months of 2019 compared with the same period last year. Underlying
volumes are 12% higher with the balance of the increase
attributable to increased prices offset by movements in foreign
exchange rates. Margins and operating costs were at a similar
level, with a consequent increase in operating profits.
Net borrowings are at a similar level to the end of 2018, after
capital expenditure of GBP1m.
We expect lower sales in the second quarter from reversal of the
stock builds relating to new product launch pipelines, Brexit
contingency planning in the UK and from re-phasing of new projects
across the Group.
The outlook for the year remains in line with previously
communicated sales growth (i.e. double digit %) and market profit
expectations."
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
For further information, please contact:
Robinson plc www.robinsonpackaging.com
Guy Robinson, Finance Director Tel: 01246 389283
finnCap Limited
Ed Frisby / Giles Rolls, corporate Tel: 020 7220 0500
finance
Tim Redfern / Tim Harper, ECM
Note for Editors:
Headquartered in Chesterfield, with manufacturing facilities in
Kirkby-in-Ashfield, Stanton Hill (Nottinghamshire), Warsaw and Lodz
(Poland), Robinson currently employs around 325 people. It was
formerly a family business, with its origins dating back 180 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 McBride, Proctor & Gamble, Reckitt Benckiser,
SC Johnson, and Unilever. The Group also has a substantial property
portfolio with development potential.
Robinson plc, Chesterfield, S40 2AB, UK. Registered number 39811 (England) AIM code "RBN"
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
AGMVVLFBKEFLBBV
(END) Dow Jones Newswires
May 09, 2019 02:00 ET (06:00 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