REG - Coral Products PLC - Trading Update

Coral ProductsAnnouncement

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RNS Number : 1608B  Coral Products PLC  20 April 2026

Coral Products Plc

("Coral" or the "Group")

 

Trading Update

 

Coral Products plc, the specialist in the design, manufacture and supply of
plastic products, provides the following trading update ahead of its financial
year end on 30 April 2026.

 

The Group has continued to make operational progress during the second half of
the 2026 financial year ("FY26"), supported by improvements in manufacturing
efficiency, the integration of recent acquisitions and increasing intercompany
activity across its divisions.

 

Trading in the final quarter of FY26 has, however, been adversely affected by
the timing of revenues associated with established customer contracts and the
phasing of new business wins, resulting in a proportion of expected sales
being deferred beyond FY26. This phasing has, in part, been influenced by the
ongoing Middle East conflict, which has affected customer demand patterns and
the timing of order fulfilment across certain markets.

 

As a consequence, a portion of anticipated second half revenues will now be
recognised in FY27 rather than in FY26. Whilst the sales shortfall is
timing-related, second half expected profitability will be reduced, reflecting
the margin contribution of those deferred revenues.

 

The Board emphasises that these sales are deferred and not lost, with customer
commitments remaining in place at contracted rates and order visibility
supporting future delivery. The Board expects the deferred revenues to be
delivered in FY27.

 

Underlying trading continues to reflect operational improvement, with progress
in manufacturing efficiency, integration activities and cross-divisional
collaboration supporting performance across the Group and underpinning the
Board's expectation of a positive full year underlying operating profit,
notwithstanding the impact of revenue phasing in the final quarter.

 

The Board remains mindful of the broader macroeconomic environment and will
continue to manage the business with appropriate caution. Notwithstanding
this, the Group continues to benefit from actions taken to strengthen its
operational foundations, supporting the ongoing recovery of the business
through profitable growth and improved consistency of performance.

 

 

About Coral Products:

Coral Products Group is a specialist producer of technical and added value
polymer products produced from both rigid and flexible substrates that combine
to offer customers the widest choice of products and packaging solutions.
Based in the UK with 5 manufacturing facilities and 2 distribution locations
the business is trusted by leading UK brands and companies across food
packaging, retail, personal care, household, construction, automotive and
tele-communication sectors.

 

 

For further information, please contact:

 Enquiries:                             www.coralproducts.com

 Coral Products plc

 David Low                              Non-Executive Chairman          0161 946 9460

 Ian Hillman                            Group Chief Executive Officer   0161 507 9302

 Cairn Financial Advisers LLP           NOMAD and Broker                020 7213 0880

 Sandy Jamieson / Ludovico Lazzaretti

 

 

Regulatory Information

The information contained within this announcement is deemed to constitute
inside information for the purposes of Article 7 of EU Regulation 596/2014
(Market Abuse Regulations) which is part of UK law by virtue of the European
Union (Withdrawal) Act 2018. Upon publication of this announcement, this
inside information is now considered to be in the public domain.

 

Caution regarding forward looking statements

This announcement contains unaudited information and forward-looking
statements that are based on current expectations or beliefs, as well as
assumptions about future events. These forward-looking statements can be
identified by the fact that they do not relate only to historical or current
facts and undue reliance should not be placed on any such statement because
they speak only as at the date of this document and are subject to known and
unknown risks and uncertainties and can be affected by other factors that
could cause actual results, and Coral's plans and objectives, to differ
materially from those expressed or implied in the forward-looking statements.
Coral undertakes no obligation to revise or update any forward-looking
statement contained within this announcement, regardless of whether those
statements are affected because of new information, future events or
otherwise, save as required by law and regulations.

 

 

 

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