Last checked at 21 Jan 2013 07:00
Robinson plc
PRE CLOSE 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 2012, which are scheduled to be released on 21 March 2013.
Revenues are anticipated to be £21.2m for the year, which remains in line with management's expectations. This represents a 1% decline on last year but plastic resin costs were on average around 9% lower than the previous year and these were mainly passed back to customers. Underlying volumes are approximately 2% higher than in 2011.
New business gained in the year has been slower to come on-stream than anticipated due to delays within our customers' operations but these are all now in production and should provide a full year benefit to 2013.
The Board anticipates the final results for 2012 will show some improved profitability, in line with expectations.
For more information please contact:
Robinson plc | |
Guy Robinson, Finance Director | Tel: 01246 389283 |
www.robinsonpackaging.com | |
WH Ireland | |
Katy Mitchell | Tel: 0161 832 2174 |
Note for Editors:
Headquartered in Chesterfield, with manufacturing facilities in Kirkby-in-Ashfield, Stanton Hill (Nottinghamshire) and Lodz (Poland), Robinson currently employs around 225 people. It was formerly a family business, with its origins dating back some 175 years. Today the Group's main activity is the manufacture and sale of injection moulded plastic packaging. Robinson operates primarily within the food, 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, Nestle, Kraft, United Biscuits, Northern Foods, Masterfoods, Bakkavor, Unilever, Avon, Boots and Dr Oetker. The Group also has a substantial property portfolio with development potential.