Trading Statement and Planning Approval

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 £27.5m 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 £0.8m 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: [phone]
	www.robinsonpackaging.com
finnCap
Ed Frisby / Giles Rolls, corporate finance Stephen Norcross / Alice Lane, 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 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.

 

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