Last checked at 21 Dec 2017 11:36
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 finance Stephen Norcross / Sultan Awan, corporate broking
| Tel: 020 7220 0500 |
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.