14th May 2015 08:47
LONDON (Alliance News) - Packaging company Robinson PLC on Thursday said it is trading in line with market expectations after first-quarter revenue rose on the back of the acquisition of Polish plastic packaging manufacturer Madrox Spolka Jawna.
In a statement issued ahead of its annual general meeting, Robinson said revenue in the first quarter to the end of March was up 26% year-on-year, driven entirely by the performance of Madrox, which is trading ahead of expectations.
Revenue in its existing Polish businesses is lower following the loss of a contract in 2014, the company said, but this has been replaced by contracts which will feed through in the second half.
Shares in Robinson were untraded Thursday morning, having last traded at 165.98 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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