Trading Update

RNS Number : 7251K

Plastics Capital PLC

26 April 2010

 



For Immediate Release

26 April 2010

Plastics Capital plc

(the "Company" or the "Group")

Trading Update

Plastics Capital plc (AIM: PLA), the niche plastics products group, is pleased to announce that trading continues to improve and currently expects performance for the full year to 31 March 2010 to be in line with market expectations.

Sales concluded the year strongly and order books are now at significantly higher levels than the average experienced over the last year. Export markets have strengthened, whilst the UK market remains flat.  Profit margins continue to be satisfactory, cash flow generation is strong and debt is being reduced in line with expectations.  Business development activity has been stepped up in key export markets and the Group is confident that this will result in good growth over the medium term.

Commenting, Faisal Rahmatallah, Executive Chairman, said:

"We have seen a gradual and steady improvement in trading over the last 12 months.  Some of this is a result of the global economy improving, but much is because we have been very successful in our new business development activity. We believe these two drivers of growth will take the Group further forward over the next year."

Plastics Capital plc Faisal Rahmatallah, Executive Chairman Nick Ball, Finance Director	Tel: [phone]
Cenkos Securities Stephen Keys Beth McKiernan	Tel: [phone]
Buchanan Communications Richard Darby Christian Goodbody	Tel: [phone]

Notes to Editors

Plastics Capital is a plastics products manufacturer focused on proprietary products for niche markets. The Group has four factories in the UK, one in Thailand and sales offices in the USA and Japan. Approximately 50 per cent of sales are exported to over 70 countries worldwide. Production is concentrated in the UK where significant engineering know-how and automation underpins the Group's competitiveness. The Group has approximately 285 employees.

Further information can be found on www.plasticscapital.com

 

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