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11 Oct 2011 07:00
11 October 2011
Scapa Group plc
Period end update
Scapa Group plc, a global supplier of bonding materials and solutions, is today providing a period end update for the six months ended 30 September 2011.
Group revenue is marginally ahead and operating profits are significantly ahead of the same period last year. Continued progress on margins has been maintained through self help measures of efficiency, cost reduction and focus on higher quality business. Strong cash flow in the period increased net cash to £20.8m at the period end.
While remaining cautious in the face of the current negative economic sentiment, the Board is confident about the Group's outlook for the year which is in line with current market expectations.
Scapa Group expects to report its interim results on 29 November 2011.
For further enquiries, please contact:
Scapa Group plc Heejae Chae - Chief Executive Tel 0161 301 7430
Scapa Group plc Paul Edwards - Finance Director Tel 0161 301 7430
Arden Partners Chris Hardie Tel 0207 614 5917
Weber Shandwick Nick Oborne Tel 0207 067 0700
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