Robinson PLC - Chesterfield, England-based plastic and paperboard packaging manufacturer - Expects to deliver full-year adjusted operating profit in line with expectations despite the ongoing macroeconomic uncertainty and volatility. Says sales in the first five months of the year is 2% below the comparative period in 2022. Says sales volumes are 11% lower than the year before. Looking ahead, expects uncertainty and volatility experienced since the beginning of 2021 to continue throughout 2023.
Additionally, says Helene Roberts has informed the board of her intention to step down as chief executive officer to take up a new opportunity.
In March, the firm reported revenue of £50.5 million for 2022, up from £46.0 million in 2021. It swung to pretax profit of £2.3 million from £148,000 loss.
Current stock price: 96.00 pence each, down 13% on Thursday morning in London
12-month change: up 13%
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