Share Name Share Symbol Market Type Share ISIN Share Description
Robinson Plc LSE:RBN London Ordinary Share GB00B00K4418 ORD 0.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.00p +1.29% 78.50p 76.00p 81.00p 78.50p 77.50p 77.50p 21,923 11:51:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Industrials 32.8 0.7 4.2 18.7 13

Robinson PLC AGM Statement

09/05/2019 7:00am

UK Regulatory (RNS & others)


Robinson (LSE:RBN)
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6 Months : From Apr 2019 to Oct 2019

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RNS Number : 4396Y

Robinson PLC

09 May 2019

9 May 2019

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 11.30 am. The Chairman, Alan Raleigh, will make the following statement:

"It is pleasing to report sales growth of 15% in the first four months of 2019 compared with the same period last year. Underlying volumes are 12% higher with the balance of the increase attributable to increased prices offset by movements in foreign exchange rates. Margins and operating costs were at a similar level, with a consequent increase in operating profits.

Net borrowings are at a similar level to the end of 2018, after capital expenditure of GBP1m.

We expect lower sales in the second quarter from reversal of the stock builds relating to new product launch pipelines, Brexit contingency planning in the UK and from re-phasing of new projects across the Group.

The outlook for the year remains in line with previously communicated sales growth (i.e. double digit %) and market profit expectations."

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

For further information, please contact:

 
Robinson plc                         www.robinsonpackaging.com 
Guy Robinson, Finance Director      Tel: 01246 389283 
 
finnCap Limited 
Ed Frisby / Giles Rolls, corporate  Tel: 020 7220 0500 
 finance 
 Tim Redfern / Tim Harper, ECM 
 

Note for Editors:

Headquartered in Chesterfield, with manufacturing facilities in Kirkby-in-Ashfield, Stanton Hill (Nottinghamshire), Warsaw and Lodz (Poland), Robinson currently employs around 325 people. It was formerly a family business, with its origins dating back 180 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 McBride, Proctor & Gamble, Reckitt Benckiser, SC Johnson, and Unilever. The Group also has a substantial property portfolio with development potential.

   Robinson plc, Chesterfield, S40 2AB, UK. Registered number 39811 (England)        AIM code "RBN" 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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May 09, 2019 02:00 ET (06:00 GMT)

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