REG - Cropper(James) PLC - Strategy Update and Capital Markets Event

James CropperAnnouncement

18/06/2025 07:00

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RNS Number : 2584N  Cropper(James) PLC  18 June 2025

 

18 June 2025

 

 

James Cropper plc

("James Cropper", the "Company" or the "Group")

 

Strategy Update and Capital Markets Event

 

James Cropper (AIM: CRPR), the Advanced Materials and Paper & Packaging
group, is today hosting a Capital Markets Event (CME) for institutional
investors and analysts commencing at 2.30pm BST.

Since his appointment as Chief Executive Officer in February 2025, David
Stirling has led a comprehensive review of the business, which will be
presented at the CME together with the Group's revised strategy.

Leveraging the Group's fibre expertise, cross-divisional technical platforms
and synergies, specialist capabilities in electrochemistry and colour, and
long-standing customer relationships, the revised strategy will focus on
improvement and value creation within both Advanced Materials and Paper &
Packaging, underpinned by disciplined capital management:

·     Advanced Materials - focus on generating growth from proactive
alignment, with both stable established and high-potential nascent markets:

o  Focus on strengthening core customer relationships, application
replication to adjacent areas, and strategic projects primarily in
high-specification industrial markets.

o  Balancing established market predictability with positioning in priority
markets with long-term growth opportunities.

 

·     Paper & Packaging - focus on delivering sustained profitability
by targeting positive divisional returns, initially through operational
improvement:

o  Structured operational improvement programme to enhance asset utilisation
and customer value, including a rebalancing of production between commodity,
core and, over the longer-term, technical papers.

o  Renewed focus on quality, service, and cost efficiency with greater
resilience through commercial and organisational realignment.

 

·     Disciplined capital allocation to continue to provide greater
balance sheet headroom:

o  Build on progress already made - with reduced net debt and revised
repayment terms under the Company's principal banking facility - to support
execution of the divisional improvement plans.

o  Capital expenditure discipline, with a focus on strategic investment in
Advanced Materials.

Further details will be presented at the CME, and a recording of the
presentation will be made available on the Company's website following the
event.

As announced on 5 June 2025, no new information on trading will be disclosed
at the CME.  The Company expects to publish its audited full year results for
FY25 in July 2025 at which time further guidance will be provided on current
trading and the outlook for the Group.

David Stirling, Chief Executive Officer, commented:

"Since being appointed as Chief Executive Officer in February, my focus has
been the development of a credible and structured plan to reset the business
for long-term success. While trading in recent years has been disappointing,
we now have a clear and actionable plan to improve performance, supported by
disciplined capital management. Today's Capital Markets Event, and the launch
of the Group's revised strategy, marks an important step towards rebuilding
momentum and creating long-term value for our stakeholders."

 

 

-ENDS-

Enquiries:

 

 James Cropper plc                                            Tel: +44(0)1539 722002

 David Stirling, Chief Executive Officer

 Andrew Goody, Chief Financial Officer

 Shore Capital - Nominated Adviser and Broker                 Tel: +44 (0)207 408 4090

 Daniel Bush, David Coaten, Henry Willcocks, Lucy Bowden

 IFC Advisory - Financial PR                                  Tel: +44 (0) 203 934 6630

 Graham Herring, Tim Metcalfe, Zach Cohen                     james.cropper@investor-focus.co.uk

About James Cropper plc

James Cropper plc is globally recognised for its specialist capabilities in
the design and manufacture of advanced materials and paper products. Operating
through two principal businesses - Advanced Materials and Paper &
Packaging - and built upon 180 years of innovation, the Group serves a diverse
range of customers with high-performance solutions tailored to specialised
applications.

The Advanced Materials business develops cutting-edge nonwoven materials and
electrochemical coatings for sectors including aerospace, clean energy, and
defence. The Paper & Packaging business offers premium creative papers and
bespoke moulded fibre packaging together with leading recycled-fibre
capabilities and products, supporting the transition to a circular economy.

Headquartered in Burneside (UK), with additional manufacturing sites in Crewe
(UK), Launceston (UK), and Schenectady (USA), James Cropper leverages deep
expertise in material science and longstanding partnerships with
industry-leading businesses and brands to develop bespoke solutions that meet
complex technical and aesthetic specifications.

 

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