Robinson (LON:RBN)
Share Price 154p
Bid/Offer 150p – 158p
Market Cap £26.6 million
Trading Statement
Robinson released a
trading statement today the 12th of January 2017 for the full year
results to year end 31/12/2016
Revenues are anticipated to be £27.5m for the year, which represents overall a 5.6% decrease on last year. The primary reasons for this are the previously reported lost business and lower demand for certain categories of branded goods. New business that had been planned for the second half of 2016 has been delayed but will benefit 2017. The movement in average exchange rates has added £0.8m to reported Group revenues in 2016. The directors anticipate trading profits for 2016 will be slightly below market expectations, as a consequence of the fall in sales. |
About the Company
Robinson plc is involved in he manufacture and sale of injection moulded plastic packaging around many familiar household products. Robinson operates primarily within the food, drink, confectionery, cosmetic and toiletry sectors, providing niche or custom manufacture to major customers. http://robinsonpackaging.com/
The Company has five manufacturing facilities, which include Kirkby facility, Stanton Hill facility, Lodz facility, Chesterfield facility and Madrox facility.
1: Kirkby facility, Nottinghamshire UK Primarily focused on innovative solutions for the food & drink markets manufacturing custom injection moulded packaging solutions. The majority of production from thisunit serves the domestic UK food brands. 2: Stanton Hill facility, Nottinghamshire UK The centre of excellence for manufacture of high quality injection moulded specialist devices such as aerosol actuators. These products are produced mainly for international toiletries & cosmetics brands and are destined for both UK and international markets including Latin America and Asia. 3: Lodz facility, Poland Manufactures high quality injection moulded solutions for many global branded customers wishing to serve the continental European markets and emerging Central Eastern markets. 4: Chesterfield facility, Derbyshire UK The dedicated design and production centre for Robinson Paperbox Packaging – our rigid paper box business, serving domestic confectionary, food, electronics and cosmetic gifting markets. 5: Madrox facility near Warsaw, Poland The recently acquired Madrox business manufactures high quality blow and injection moulded products primarily for the household and toiletry sectors in the region. |
Property Development
The Group also has a substantial property portfolio with development potential. Outline plans…