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Robinson

  • BY: Andrew Hore |
  • POSTED: 20/01/2009 |

Paperboard and plastic packaging manufacturer Robinson maintained its overall revenues in 2008 at £25.5m and successfully passed on its raw material cost increases.

The mix of revenues has changed with nearly one-quarter coming from Poland. There was some benefit from exchange rate movements. UK revenues fell by 11%.

Underlying volumes fell by 4% due to two lost, low margin contracts but profitability should improve.

Raw material costs have fallen sharply although much of this will be passed on to customers.

Robinson says the disposal of its surplus properties is likely to be postponed because of the weak property market.

The shares rose 2p to 35p each, valuing Robinson at £5.58m.

The full year results will be published on 3 April.

There are signs of potential growth in revenues and margins this year.

The company’s new website address is www.robinsonpackaging.com.

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