Plastics Capital, the specialty plastics products group, announced that its trading volumes continue to recover towards pre-recession levels and that it expects to meet market expectations for the full year ending on 31 March 2011. The company's broker is currently forecasting sales of £30 million, EBITDA at £5.3 million for an EPS of 8.7p per share.

All of Plastics Capital's divisions are continuing to win new business from rivals and margins have held up as a result of passing increased raw material costs to customers - resulting in good cash flows and allowing the company to reduce net debt in line with its plans.

Unlock the rest of this article with a 14 day trial

Already have an account?
Login here