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18 Dec 2012 07:00
PRE CLOSE PERIOD TRADING UPDATE
18 December 2012
Prior to entering the close period ahead of the preliminary results for the year to 31 December 2012, British Polythene Industries PLC has issued an update on current trading.
"Trading remains consistent with that described in our Interim Management Statement of 6 November. Demand from many industrial customers remains subdued and, at best, we expect overall volumes to be flat from the retail sector. We currently expect total volumes for 2012 to fall short of 2011, however this shortfall has been less pronounced in the second half.
Raw material costs continue to soften slowly, no doubt assisted by poor demand. Suppliers are currently proposing price increases at the start of 2013.
Despite this challenging trading environment, we expect our results for 2012 to be at the top end of market expectations, as we benefit from the structural changes effected in recent years in our UK business, and an excellent performance from our European business.
The preliminary results for the year ended 31 December 2012 will be announced on 4 March 2012."
Ends
Enquiries:
Cameron McLatchie,Chairman | British Polythene Industries PLC | 01475 501000 |
John Langlands, Chief Executive | British Polythene Industries PLC | 01475 501000 |
Charlie Palmer/Clare Thomas | FTI Consulting | 0207 831 3113 |
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