Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRobinson Share News (RBN)

Share Price Information for Robinson (RBN)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 112.50
Bid: 105.00
Ask: 120.00
Change: 0.00 (0.00%)
Spread: 15.00 (14.286%)
Open: 112.50
High: 112.50
Low: 112.50
Prev. Close: 112.50
RBN Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Robinson rallies as profits rise, outlook upbeat

Fri, 22nd Mar 2019 09:10

(Sharecast News) - Rigid plastic and paperboard packaging company Robinson reported an 8.7% jump in 2018 pre-tax profit on Friday, thanks in part to tighter control of operating costs, as it struck an upbeat note on the outlook for this year.In the year to the end of December 2018, pre-tax profit rose to £685m from £630m in 2017, with revenue up 10% to £32.8m. Operating profit before exceptional items and amortisation of intangible assets increased to £1.5m from £1.3m, while operating costs declined by 2% to £4.37m.Robinson said it had passed on some but not all input price increases to customers in a "very challenging" retail environment, leading to a drop in the gross margin to 18% from 19%.The company recommended a final dividend of 3p a share, in line with 2017, taking the total dividend to 5.5p, also in line.Chairman Alan Raleigh said: "I am pleased to report improved revenues and profits for 2018. This was achieved through greater focus on improved service to our customers, controlling material costs and managing overheads."We also agreed to a change in leadership to drive this even harder in 2019 and to engage more effectively in shaping the plastics sustainability agenda through our contribution to the circular economy."Consequently, we feel the business is in a much stronger position to face the challenges in front of us and we expect to achieve double-digit sales growth again in 2019. We also expect a marked step-up in profitability, ahead of market expectations, arising from our 'Strategy into Action' program which will drive faster, better execution of our plans. Central Europe will continue to play an important role in driving profitable growth."Robinson said its pipeline of future business is now much stronger and more advanced than in previous years. This, along with even stronger customer partnerships, gives it confidence that it can achieve double-digit sales growth again in 2019.At 1055 GMT, the shares were up 18% to 78p.
More News
30 May 2024 13:01

UK dividends calendar - next 7 days

Friday 31 May 
abrdn Property Income Trust Ltddividend payment date
Albion Development VCT PLCdividend payment date
Alternative Income REIT PLCdividend payment date
Arbuthnot Banking Group PLCdividend payment date
Balanced Commercial Property Trust Ltddividend payment date
Bankers Investment Trust PLCdividend payment date
Bellevue Healthcare Trust PLCdividend payment date
City of London Investment Trust PLCdividend payment date
CQS New City High Yield Fund Ltddividend payment date
Custodian Property Income REIT PLCspecial dividend payment date
CVC Income & Growth Ltd EUROdividend payment date
CVC Income & Growth Ltd GBPdividend payment date
Derwent London PLCdividend payment date
Diverse Income Trust PLCdividend payment date
Dunedin Income Growth Investment Trust PLCdividend payment date
Ecofin Global Utilities & Infrastructure Trust PLCdividend payment date
EJF Investments Ltddividend payment date
Elementis PLCdividend payment date
Global Opportunities Trust PLCdividend payment date
Greencoat UK Wind PLCdividend payment date
Henderson Far East Income Ltddividend payment date
Henderson International Income Trust PLCdividend payment date
Henry Boot PLCdividend payment date
Ibstock PLCdividend payment date
IWG PLCdividend payment date
JPMorgan American Investment Trust PLCdividend payment date
JPMorgan Global Core Real Assets Ltddividend payment date
Kier Group PLCdividend payment date
Marwyn Value Investors Ltddividend payment date
Mobeus Income & Growth VCT PLCdividend payment date
NB Global Monthly Income Fund Ltddividend payment date
Octopus Renewables Infrastructure Trust PLCdividend payment date
Picton Property Income Ltddividend payment date
Portmeirion Group PLCdividend payment date
PPHE Hotel Group Ltddividend payment date
PRS REIT PLCdividend payment date
Reach PLCdividend payment date
Robert Walters PLCdividend payment date
Senior PLCdividend payment date
Shaftesbury Capital PLCdividend payment date
Sherborne Investors (Guernsey) C Ltddividend payment date
STV Group PLCdividend payment date
Target Healthcare REIT PLCdividend payment date
Taylor Maritime Investments Ltddividend payment date
TwentyFour Select Monthly Income Fund Ltddividend payment date
Vesuvius PLCdividend payment date
Weir Group PLCdividend payment date
Monday 3 June 
4imprint Group PLCdividend payment date
Ascential PLCspecial dividend payment date
Ashtead Technology Holdings PLCdividend payment date
BAE Systems PLCdividend payment date
J Smart & Co (Contractors) PLCdividend payment date
JPMorgan China Growth & Income PLCdividend payment date
JPMorgan Claverhouse Investment Trust PLCdividend payment date
Vector Capital PLCdividend payment date
Zotefoams PLCdividend payment date
Tuesday 4 June 
GCP Asset Backed Income Fund Ltddividend payment date
GCP Infrastructure Investments Ltddividend payment date
Spectra Systems Corpex-dividend payment date
Wednesday 5 June 
Carr's Group PLCdividend payment date
Ecora Resources PLCdividend payment date
Epwin Group PLCdividend payment date
Genuit Group PLCdividend payment date
Glencore PLCdividend payment date
Porvair PLCdividend payment date
Sabre Insurance Group PLCspecial dividend payment date
Thursday 6 June 
Aberforth Split Level Income Trustex-dividend payment date
Abrdn European Logistics Income PLCex-dividend payment date
AJ Bell PLCex-dividend payment date
Albion Technology & General VCT PLCex-dividend payment date
Arbuthnot Banking Group PLCex-dividend payment date
Assura PLCex-dividend payment date
Balanced Commercial Property Trust Ltdex-dividend payment date
Billington Holdings PLCex-dividend payment date
BlackRock Sustainable American Income Trust PLCex-dividend payment date
Bodycote PLCdividend payment date
Capital Gearing Trust PLCex-dividend payment date
Computacenter PLCex-dividend payment date
Downing Strategic Micro-Cap Investment Trust PLCex-dividend payment date
Edinburgh Investment Trust PLCex-dividend payment date
Energean PLCex-dividend payment date
Equals Group PLCex-dividend payment date
FDM Group Holdings PLCex-dividend payment date
Gemfields Group Ltdex-dividend payment date
Good Energy Group PLCex-dividend payment date
Helios Underwriting PLCex-dividend payment date
Henderson European Focus Trust PLCex-dividend payment date
Informa PLCex-dividend payment date
Integrafin Holdings PLCex-dividend payment date
J Sainsbury PLCex-dividend payment date
Jersey Electricity PLCex-dividend payment date
JLEN Environmental Assets Group Ltdex-dividend payment date
Johnson Matthey PLCex-dividend payment date
Judges Scientific PLCex-dividend payment date
Learning Technologies Group PLCex-dividend payment date
Legal & General Group PLCdividend payment date
Marshalls PLCex-dividend payment date
Menhaden Resource Efficiency PLCex-dividend payment date
Michelmersh Brick Holdings PLCex-dividend payment date
Microlise Group PLCex-dividend payment date
National Grid PLCex-dividend payment date
National World PLCex-dividend payment date
Pets At Home Group PLCex-dividend payment date
Renew Holdings PLCex-dividend payment date
Restore PLCex-dividend payment date
Riverstone Credit Opportunities Income PLCex-dividend payment date
Robinson PLCex-dividend payment date
RTC Group PLCex-dividend payment date
Smiths News PLCex-dividend payment date
STS Global Income & Growth Trust PLCex-dividend payment date
Topps Tiles PLCex-dividend payment date
Utilico Emerging Markets Trust PLCex-dividend payment date
VH Global Sustainable Energy Opportunities PLCex-dividend payment date
Vodafone Group PLCex-dividend payment date
Wickes Group PLCdividend payment date
WPP PLCex-dividend payment date
  
Comments and questions to newsroom@alliancenews.com
  
A full 14-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
9 May 2024 17:20

Robinson reports sales growth amid discussions to appoint new CEO

(Alliance News) - Robinson PLC on Thursday said it is in "advanced discussions" over the appointment of a new chief executive officer, after a "thorough search process with a leading recruitment agency", and also reported strong sales growth.

Read more
9 May 2024 12:11

LONDON MARKET MIDDAY: Stocks climb as BoE holds but two back cut

(Alliance News) - The FTSE 100 was higher on Thursday afternoon, after the Bank of England maintained the benchmark UK interest rate at 5.25%, albeit with a vote split that encouraged rate cut expectations.

Read more
9 May 2024 11:46

Robinson sees strong H2 momentum carry over into 2024

(Sharecast News) - Plastic and paperboard packaging manufacturer Robinson said on Thursday that momentum experienced in the second half of 2023 has continued into 2024.

Read more
9 May 2024 10:44

AIM WINNERS & LOSERS: Robinson sales up; Thor Energy halts ASX trading

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

Read more
18 Jan 2024 14:31

EARNINGS AND TRADING UPDATES: GetBusy hails integration into Ultratax

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
24 Oct 2023 19:21

EARNINGS AND TRADING: Robinson hit by Storm Babet, Altona loss widens

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and Tuesday and not separately reported by Alliance News:

Read more
17 Aug 2023 16:06

Packaging firm Robinson swings to first-half loss

(Sharecast News) - Plastic and paperboard packaging manufacturer Robinson reported a decline in first-half revenue on Thursday, noting a drop of 4.3% to stand at £24.3m.

Read more
17 Aug 2023 10:10

Robinson maintains half-year dividend despite swing to loss

(Alliance News) - Robinson PLC on Thursday reported a swing to an interim loss as operating costs increased and revenue declined, with the company noting challenging macroeconomic conditions.

Read more
14 Aug 2023 10:07

IN BRIEF: Robinson makes gain on property sale; reaches pension accord

Robinson PLC - Chesterfield, England-based plastic and paperboard packaging manufacturer - Sells 1.3 acres of surplus property at Walton Works in Chesterfield for GBP1.5 million, giving GBP1.1 million in net proceeds. Property had a GBP540,000 book value and was producing rent of GBP5,000 per year. Robinson estimates that its surplus property holdings, including the property just sold, has a GBP7.4 million market value. It plans to reinvest surplus property sale proceeds in its packaging business.

Read more
22 Jun 2023 10:25

IN BRIEF: Robinson says annual profit to be in line with guidance

Robinson PLC - Chesterfield, England-based plastic and paperboard packaging manufacturer - Expects to deliver full-year adjusted operating profit in line with expectations despite the ongoing macroeconomic uncertainty and volatility. Says sales in the first five months of the year is 2% below the comparative period in 2022. Says sales volumes are 11% lower than the year before. Looking ahead, expects uncertainty and volatility experienced since the beginning of 2021 to continue throughout 2023.

Read more
31 May 2023 13:37

Robinson sells part of Walton Works property to Peppermint Grove

(Alliance News) - Robinson PLC on Wednesday announced it sold a part of the Walton Works surplus property known as Mill Lane in Chesterfield, Derbyshire.

Read more
31 May 2023 12:42

Robinson sells off surplus Chesterfield property

(Sharecast News) - Plastic and paperboard packaging specialist Robinson has successfully completed the sale of a portion of its surplus property known as 'Mill Lane', located in Chesterfield, it announced on Wednesday.

Read more
30 Mar 2023 17:55

TRADING UPDATES: Time Out revenue rises; Arbuthnot gets rates boost

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
24 Jan 2023 14:40

TRADING UPDATES: NAHL expects annual profit to top market consensus

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.