26th Nov 2025 14:20
(Alliance News) - Coral Products PLC on Wednesday said it remained encouraged by its integrated product offering driving a strengthened pipeline, as it held its annual general meeting.
Joe Grimmond, chair of the Manchester, England-based maker of bespoke plastic products, said the company has put in a "strong performance" despite a challenging UK market and "economy where underlying demand levels remain subdued across several of our market segments, while simultaneously managing a number of legacy issues across the group."
He added that revenue growth was driven by the Arrow Film Converters Ltd acquisition in April and new business wins within Coral Products's established operations.
Coral Products bought Arrow, a Yorkshire-based packaging company, for just over GBP500,000.
"Given the strong first-half performance across all divisions, the board remains encouraged by the integrated product offering driving a strengthened pipeline and enhanced business resilience through diversity," Chair Grimmond said on Wednesday.
"Whilst the board remains mindful of the macroeconomic environment and continued headwinds faced by UK manufacturing businesses, it is confident that the business is focused on the right priorities and therefore expects to deliver a full-year result in line with management expectations.
"The board remains committed to delivering above-market profitable growth and further strengthening Coral's role as a trusted, value-added UK packaging and engineered parts partner."
Coral Products shares rose 2.4% to 8.96 pence each on Wednesday afternoon in London.
By Tom Budszus, Alliance News slot editor
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