23rd Jan 2015 08:39
LONDON (Alliance News) - Placing and paperboard packaging company Robinson PLC on Friday saw its shares fall in early trade after it said it expects a more challenging 2015, even as revenue for 2014 is set to rise 20%.
Robinson said its revenue for the year to December 31 is anticipated to be GBP28.1 million, up 20% year-on-year on the back of the integration of Polish packaging company Madrox, which it acquired for GBP13.2 million in February. Underlying revenue for its existing business was flat year-on-year, it said.
It expects its profit for 2014 to be in line with market expectations, but the company said it expects 2015 to be a more challenging year, though it said the contribution from Madrox will push total group revenue up year-on-year again.
Robinson shares were down 12% to 153.00 pence on Friday, one of the worst performers in the AIM All-Share.
By Sam Unsted; [email protected]; @SamUAtAlliance
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