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13 Oct 2015 07:00
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 £2m. 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 |
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