31st Mar 2015 06:57
LONDON (Alliance News) - RPC Group PLC on Tuesday said it expects its revenue and adjusted operating profit to be in line with its expectations and significantly ahead year-on-year despite the impact of the strength of sterling against the euro.
The FTSE 250-listed rigid plastic supplier said group revenue and adjusted operating profit from continuing operations is expected to be in line with its expectations for the financial year to the end of March. It expects revenue to be boosted by organic growth, the conclusion of its short-term strategic programme and the contribution from acquisitions made.
RPC said the financial year benefited from the time lag in passing on declining polymer prices to its customer base, though this was offset by the strength of sterling against the euro.
The company added it is making progress on its longer-term strategic plans.
"I am pleased with the improvement in business performance and by the contribution from recent acquisitions. We are progressing well with the integration of Promens and continue to explore additional growth opportunities in line with our Vision 2020 focused growth strategy," said Pim Vervaat, Chief Executive of RPC.
By Sam Unsted; [email protected]; @SamUAtAlliance
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