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Cropper(James) PLC (CRPR)

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Wednesday 11 October, 2017

Cropper(James) PLC

Trading update

RNS Number : 3216T
Cropper(James) PLC
11 October 2017
 

 

11 October 2017

 

James Cropper PLC ("James Cropper" or the "Group")

 

Trading update, date of interim results

 

 

 

James Cropper notes the recent share price movement and makes the following comments. 

 

The Group continues to experience increased pulp prices as announced at the time of the AGM, in July, which are impacting the Group's paper business (James Cropper Paper).  Nevertheless, the other businesses within the Group are trading well with increased penetration into new markets. Technical Fibre Products continues to make progress across its markets including fuel cells. James Cropper 3D Products has launched ColourformTM, a sustainable alternative to plastic packaging, and agreed new commercial contracts with clients including Lush. Also, the Paper division has trademarked CupCyclingTM, the practice of transforming coffee cups into high grade papers as publicised recently with Selfridges.

 

Overall, therefore, the Board expects the Group to achieve management expectations for the current financial year and remains confident of the Group's prospects over the medium and longer term.

 

A further update on trading will be provided at the time of the release of the Group's interim results, which are expected to be announced on 14th November 2017.

 

ENDS

 

 

Enquiries:


Isabelle Maddock, Group Finance Director

Robert Finlay,  Richard Johnson, Henry Willcocks

James Cropper plc

Stockdale Securities Limited

Tel: 01593 722002

+44 (0) 207 601 6100

www.cropper.com

www.stockdalesecurities.com

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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