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Trading Statement - October 2017

 11 October 2017

 

Scapa Group plc (“Scapa” or “the Group”)

Period end update

Scapa Group plc (AIM: SCPA), a global supplier of bonding solutions and manufacturer of adhesive based products for the Healthcare and Industrial markets, is today providing a period end update for the six months ended 30 September 2017.

Group revenue, trading profits* and margins are all ahead of last year. Results include the benefit from currency against the equivalent period last year, and a full contribution from Euromed, acquired in May 2016.

Healthcare sales grew 7.9%, or 2.1% at constant exchange rates, with improvement in both trading profit and margins.

Industrial continues to benefit from the margin improvement programs. During the period the Group successfully completed the sale of the Rorschach property in Switzerland for CHF17.1m  (£13.6m), and acquired Markel Industries for US$10m (£7.8m).

We remain confident of strong progress for the year, and we anticipate the profit for the year will be ahead of current expectations.

The Group will release its results for the half year on 21 November 2017.

*Before exceptional items, amortisation of intangible assets and legacy pensions costs and finance charges

 Enquiries:

Scapa Group plc

Heejae Chae - Chief Executive

Graham Hardcastle - Finance Director

 

 

0161 301 7430

Numis Securities Limited

(Nominated Adviser)

Mark Lander / Richard Thomas

 

 

 

 

020 7260 1000

Berenberg

(Joint Broker)

Chris Bowman

 

Weber Shandwick

Nick Oborne

 

 

 

 

020 3207 7800

 

 

020 7067 0721

 

 

 

 
   

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