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11 Apr 2013 07:00
11 April 2013
Scapa Group plc
Year end update
Scapa Group plc (AIM: SCPA), a global manufacturer of bonding materials and solutions for the Industrial, Healthcare and Electronics markets, is today providing a year end update for the twelve months ended 31 March 2013.
The Group continues to perform well and the progress reported in the Interim Results has continued with the Group delivering a stronger second half to the year. Group revenue and operating profits* are ahead of the same period last year and in line with expectations. The operating margin* continues to improve as we maintain our focus on higher quality revenues, efficiency and cost reduction.
WEBTEC, the US Healthcare business acquired towards the end of the last financial year, is now fully integrated within the Group and made a strong contribution in its first full year.
Strong cash flow in the period ensured we ended the year with net cash of £7.2m, after payment of the first performance related earn out payment for WEBTEC.
Scapa Group expects to report its full year results on 29 May 2013.
* Before exceptional items and amortisation
Enquiries:
Scapa Group plc Heejae Chae - Chief Executive Paul Edwards - Finance Director | 0161 301 7430 |
Numis Securities Limited (Nominated Adviser and Joint Broker) Mark Lander / Richard Thomas | 020 7260 1000 |
N+1 Singer (Joint Broker) Nick Owen | 0191 279 7412 |
Weber Shandwick (Financial PR) Nick Oborne | 020 7067 0721 |
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