Shares in RPC were up 1.5% at
The plastic products maker said the positive trading trends outlined in its third-quarter update have continued, and revenue for the full year is expected to have grown significantly compared to the year before, driven by organic growth and aided by acquisitions, polymer price and foreign exchange tailwinds.
Profit and cash generation - both before and after exceptional items - are expected to be in line with management expectations. The company said its financial position remains robust with good cash flow development and significant headroom in its debt facilities.
"I am delighted with the progress the group has made in the year whilst nearing the successful completion of the European integration programme. We look forward to further developing the business organically and remain excited by opportunities in the ongoing industry consolidation. With our innovation and recycling capabilities, RPC is uniquely placed to help drive a sustainable environment whilst continuing to deliver value to shareholders," said Chief Executive Pim Vervaat.
RPC will announce its full-year results on June 6.
