AGM Statement

RNS Number : 5720N

Robinson PLC

10 May 2018

 

Robinson plc

AGM TRADING STATEMENT

Robinson plc ("Robinson" or the "Group" stock code: RBN), the custom manufacturer of plastic and paperboard packaging based in Chesterfield, is holding its Annual General Meeting today at 11.30am. The Chairman, Richard Clothier, will make the following statement.

"It is particularly satisfying to report sales growth of 15% in the first four months of 2018. Underlying volumes are 10% higher with the balance of the increase attributable to resin prices and foreign exchange rates. With higher costs associated with our plans for business growth, profits in this period are at a similar level to 2017.

There are significant investments in new projects planned to commence in the second half, and the outlook for the year remains in line with market expectations."

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: [phone]
	www.robinsonpackaging.com
finnCap
Ed Frisby / Giles Rolls, corporate finance Stephen Norcross / Nikita Jain, corporate broking	Tel: [phone]

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 179 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.

 

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