Robinson PLC Trading Statement (0868A)
December 21 2017 - 5:36AM
UK Regulatory
TIDMRBN
RNS Number : 0868A
Robinson PLC
21 December 2017
21 December 2017
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 2017, which are
scheduled to be released on 23 March 2018.
We are pleased to report that 2017 revenues and profits are
anticipated to be in line with market expectations.
The Group continues to invest in initiatives to support
efficient delivery of the new business currently planned for 2018
and beyond. The associated costs of this together with increased
input prices will limit the recovery in earnings in the short term.
However, revenue growth combined with management action to improve
margins is expected to feed through to improved profits in the
medium term.
Following outline planning approval, progress continues to be
made to find prospective buyers for the surplus 15 acre Boythorpe
Works and 8 acre Walton Works sites in Chesterfield for residential
and retail/commercial uses.
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 / Sultan
Awan, 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 178
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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