Trading Statement

RNS Number : 7944V

Robinson PLC

19 January 2012

 



Robinson plc

TRADING STATEMENT

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 2011, which are scheduled to be released on 23 March 2012.

Revenues were £21.4m for the year, which represents a 10% improvement on the previous year and was in line with management's expectations. Second half revenues were 12% higher than in the previous year. Approximately half of the increased revenues were attributable to higher plastic resin costs which were successfully passed on to customers. Underlying volumes were 5% higher than in 2010.

The revenues of the spiral winding business of Robinson Paperboard packaging, which has been sold, as announced on 4 July 2011, and the North American paperboard business, which was closed in December 2010, are excluded from the above numbers.

The Polish operation experienced a slowdown in the relocation of food and toiletries businesses to Central Europe as a result of the current economic uncertainties. However, with the help of significant new business recently gained this division is expected to resume growth in 2012.

The Board anticipates the final results for 2011 will show improved profitability from continuing operations together with further exceptional gains from the sale and closure of the paperboard businesses.

Despite market conditions remaining subdued, particularly for the higher end market of branded goods that the Group predominantly supplies, the directors expect that the addition of recently won contracts will support continued growth in 2012.

For more information please contact:

Robinson plc
Guy Robinson, Finance Director	Tel: [phone]
	www.robinsonpackaging.com
WH Ireland
Katy Mitchell	Tel: [phone]

Note for Editors:

Headquartered in Chesterfield, with manufacturing facilities in Kirkby-in-Ashfield, Stanton Hill (Nottinghamshire) and Lodz (Poland), Robinson currently employs around 225 people. It was formerly a family business, with its origins dating back some 165 years. Today the Group's main activity is the manufacture and sale of injection moulded plastic packaging. Robinson operates primarily within the food, 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, Nestle, Kraft, United Biscuits, Northern Foods, Masterfoods, Bakkavor, Unilever, Avon, Boots and Dr Oetker. The Group also has a substantial property portfolio with development potential.

 

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