Robinson PLC Trading Statement and Planning Approval (9605T)
12 January 2017 - 6:00PM
UK Regulatory
TIDMRBN
RNS Number : 9605T
Robinson PLC
12 January 2017
Robinson plc
TRADING STATEMENT AND PLANNING APPROVAL
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 2016, which are
scheduled to be released on 27 March 2017.
Revenues are anticipated to be GBP27.5m for the year, which
represents overall a 5.6% decrease on last year. The primary
reasons for this are the previously reported lost business and
lower demand for certain categories of branded goods. New business
that had been planned for the second half of 2016 has been delayed
but will benefit 2017. The movement in average exchange rates has
added GBP0.8m to reported Group revenues in 2016. The directors
anticipate trading profits for 2016 will be slightly below market
expectations, as a consequence of the fall in sales.
In 2017 with significant new business already confirmed plus the
full year impact of recently commenced new business from 2016, the
directors expect to deliver revenue and earnings growth.
On 9(th) January 2017, the Chesterfield Borough Council Planning
Committee approved outline plans to develop the surplus 15 acre
Boythorpe Works and 8 acre Walton Works sites in Chesterfield for
residential and retail/commercial uses. This will allow the Company
to work with partners to find prospective tenants, develop detailed
plans and sell the sites.
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 Tel: 020 7220 0500
finance
Stephen Norcross / Alice Lane,
corporate broking
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCUARURBNAAAUR
(END) Dow Jones Newswires
January 12, 2017 02:00 ET (07:00 GMT)
Robinson (LSE:RBN)
Historical Stock Chart
From Apr 2024 to May 2024
Robinson (LSE:RBN)
Historical Stock Chart
From May 2023 to May 2024