30th Mar 2007 07:03
RPC Group PLC30 March 2007 30 March 2007 RPC Group Plc Pre-Close Trading Statement RPC Group Plc expects that trading in the second half of 2006/07 will prove tobe stronger than in the first half despite continuing cost pressures,particularly with polymers. For the year as a whole, underlying operatingprofit* is expected to be similar to that achieved in full year 2005/06. The integration of the beauty business at Marolles and Mozzate has continued andwe have recently been encouraged by some significant contract wins. Since thelast machines moved from Woburn Sands in the summer were recommissioned atRushden, we have made considerable progress in improving the operatingefficiencies in our UK stock container business. The loss making thermoformingoperation at Bristol has been closed at a cost of some £2 million which willincrease our total restructuring charge to £4.5 million for the year. Looking forward, we anticipate that cost pressures will continue and we aretaking action to address these. We are encouraged by current trading volumesand the number of opportunities for new business. *Underlying operating profit is stated before amortisation and restructuringcosts. For further information: RPC Group Plc 01933 410 064 Ron Marsh, Chief ExecutiveChris Sworn, Finance Director Merlin Financial 020 7653 6620 Angus Urquhart 07787 504 447Tom Randell 07775 875 847 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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