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Trading Statement

13 Oct 2015 07:00

RNS Number : 0211C
Scapa Group PLC
13 October 2015
 



 

13 October 2015

 

 

 

Scapa Group plc ("Scapa" or "the Group")

 

Period end update

 

Scapa Group plc (AIM: SCPA), a leading global supplier of bonding materials and solutions, is today providing a period end update for the six months ended 30 September 2015.

 

The Group trading performance* is ahead of the same period last year and in line with expectations. 

First Water the Healthcare acquisition made in February 2015 continues to perform well and made a positive contribution to the Group's performance.

The project announced in April 2015 to close our manufacturing facility in Rorschach Switzerland is progressing well and as planned. When complete the project is expected to deliver annualised cost savings of ÂŁ2m. Further details will be included in the Group's Interim Results which we expect to announce on 24 November 2015.

 

*Before exceptional items, amortisation of intangible assets and legacy pensions costs and finance charges

 

 

Enquiries:

Scapa Group plc

Heejae Chae - Chief Executive

Paul Edwards - Finance Director

 

0161 301 7430

 

Numis Securities Limited

(Nominated Adviser)

Mark Lander / Richard Thomas

 

 

 

020 7260 1000

 

N+1 Singer

(Joint Broker)

Nick Owen

 

Weber Shandwick

Nick Oborne

 

 

 

020 7496 3000

 

 

020 7067 0721

 

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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