News blog

Robinson

BY: Andrew Hore |
POSTED: 19/01/2012 |
COMMENTS: Add yours

Plastic packaging manufacturer Robinson says that its 2011 figures will show profit improvement from continuing activities plus one-off gains from the disposal of the paperboard operations.

Chesterfield-based Robinson adds that new contracts that it has won should help it to grow in 2012.

In 2011, revenues were 10% higher at £21.4m, with second half growth of 12%. Part of this growth was due to higher plastics prices so underlying volume growth was 5% in 2011. The growth of the factory in Poland was hit by a lack of customers switching additional business to central Europe. These revenues do not include the paperboard operations with were sold or closed during the period.

In 2010, even if the positive contribution from the pension fund is stripped out, Robinson more than doubled profit from £584,000 to £1.24m. That includes the UK paperboard operations but not the North American ones.

At 92p a share, Robinson is valued £14.7m.

The full year figures will be released on 23 March.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFJanuary2012_28.pdf