19th Jul 2016 07:34
LONDON (Alliance News) - Scapa Group PLC said on Tuesday first quarter trading was in line with its expectations and it does not anticipate any "material negative" effect following the UK's recent European Union referendum.
Scapa said the quarter ended June 30 was in line with its expectations with both the healthcare and industrial units performing as anticipated.
Following the UK's vote to leave the EU, the bonding products manufacturer was confident it will see only a limited impact on its business, with less than 10% of revenue derived from the UK market and less than 10% of sales in sterling.
Scapa said it is well positioned to make further progress throughout the year and remained confident on its outlook.
Shares in Scapa were up 0.6% at 272.29 pence Monday morning.
By Lucy Heming; [email protected]
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