31st Mar 2009 07:00
31 March 2009
RPC Group Plc
Pre-close Trading Statement
RPC Group expects that the overall reported revenues in sterling will have increased year-on-year due to the strengthening of the euro and the selling price increases achieved in the second half. Revenues have however been negatively impacted by the effects of the economic slowdown.
For the year as a whole the Group anticipates that adjusted profit before tax* - although lower than last year due to lower volumes and the input cost pressures experienced in the first half - will be in line with management's expectations. The second half year adjusted profit before tax is expected to be ahead of that of the first half year with improved gross margins and lower interest charges.
Exceptional costs (restructuring and impairment charges) are anticipated to be higher than last year due to the previously announced closures contained within the RPC 2010 improvement programme, which continues to progress well. A robust cash flow performance has been achieved in the second half of the year.
*adjusted profit before tax is operating profit before restructuring, disruption and impairment charges less net interest
For further information:
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RPC Group Plc Ron Marsh, Chief Executive Pim Vervaat, Finance Director |
01933 410 064
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Merlin Tom RandellDelwyn Jones |
020 7653 6620 |
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