3rd May 2012 07:00
Interim Management Statement
3 May 2012
Rexam PLC, the global consumer packaging company, today issues its interim management statement for the period from 1 January 2012.
Results for the Group are in line with our expectations, and our financial position is largely unchanged from that at 31 December 2011.
Performance in Beverage Cans is in line with our plans. Volumes in our European business were driven by good growth in Western Europe and specialty cans partly offset by Russia where we saw a strong performance in the first quarter of last year. In North America we saw continued good performance in specialty cans and the expected recovery of some of the standard can volumes lost in 2011, while the business in South America showed slight year on year volume growth.
Our Healthcare business is trading as expected, slightly below the equivalent period in 2011 primarily as a result of a product coming off patent, as previously indicated, and a weak flu season.
The process to divest the Personal Care business is progressing according to plan.
Graham Chipchase, Rexam's Chief Executive said: "Trading so far this year has been as anticipated and overall performance is in line with our expectations. It is still early in the year and the busy summer season traditionally influences our full year results. The global economic outlook remains uncertain but, at this stage, we continue to expect 2012 to be another year of progress as we maintain our focus on cash, costs, and return on capital employed."
Enquiries
Investors
Sandra Moura, Head of Investor Relations +44 20 7227 4100
Media
Claire Jenkins, Group Director Corporate Affairs +44 20 7227 4100
Richard Mountain, FTI Consulting +44 20 7269 7291
Rexam will host a conference call for investors and analysts on Thursday 3 May at 08:30 (UK time).
Participants dial-in number:
UK: +44 (0)20 3140 0668
US: + 1 631 510 7490
Password 330189#
A replay service will be available until 17 May, 2012
Dial-in number:
UK: +44 (0)20 3140 0698
UK Toll Free: 0800 368 1890
US Toll Free: +1 877 846 3918
Password 384122#
Notes to editors
Rexam is a leading global consumer packaging company. We are one of the leading global beverage can makers and a major global player in rigid plastic packaging. We are business partners to some of the world's most famous and successful consumer brands. Our vision is to be the best global consumer packaging company. Rexam's sales from continuing operations in 2011 were in the region of £4.7 billion. We have more than 80 plants in 25 countries and employ close to 19,000 people. Rexam is a member of the FTSE 100 and its ordinary shares are listed with the UK Listing Authority and trade on the London Stock Exchange under the symbol REX. For further information, visit www.rexam.com
Related Shares:
REX.L