Trading update

RNS Number : 3216T

Cropper(James) PLC

11 October 2017

 

11 October 2017

James Cropper PLC ("James Cropper" or the "Group")

Trading update, date of interim results

James Cropper notes the recent share price movement and makes the following comments. 

The Group continues to experience increased pulp prices as announced at the time of the AGM, in July, which are impacting the Group's paper business (James Cropper Paper).  Nevertheless, the other businesses within the Group are trading well with increased penetration into new markets. Technical Fibre Products continues to make progress across its markets including fuel cells. James Cropper 3D Products has launched Colourform^TM, a sustainable alternative to plastic packaging, and agreed new commercial contracts with clients including Lush. Also, the Paper division has trademarked CupCycling^TM, the practice of transforming coffee cups into high grade papers as publicised recently with Selfridges.

Overall, therefore, the Board expects the Group to achieve management expectations for the current financial year and remains confident of the Group's prospects over the medium and longer term.

A further update on trading will be provided at the time of the release of the Group's interim results, which are expected to be announced on 14^th November 2017.

ENDS

Enquiries:
Isabelle Maddock, Group Finance Director	Robert Finlay,  Richard Johnson, Henry Willcocks
James Cropper plc	Stockdale Securities Limited
Tel: [phone]	[phone]
www.cropper.com	www.stockdalesecurities.com

 

END

 

 

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