Robinson ( (GB:RBN) ) has shared an announcement.
Robinson PLC reported a 14% increase in revenue to £56.4 million for 2024, with underlying operating profit rising by 45% to £3.2 million, despite a pre-tax loss of £3.8 million due to non-cash charges. The company is optimistic about future growth, driven by strong customer relationships and a robust sales pipeline for 2025. Strategic initiatives include the disposal of surplus properties and a focus on sustainable packaging solutions, which are expected to enhance financial leverage and profitability. The appointment of John Melia as Group CEO and the ongoing improvements in the Denmark operation are anticipated to bolster the company’s competitive positioning.
More about Robinson
Robinson PLC is a custom manufacturer specializing in plastic and paperboard packaging, providing technical and value-added solutions for sectors such as food and beverage, homecare, personal care, beauty, and luxury gifts. The company collaborates with major fast-moving consumer goods brands like Procter & Gamble, Reckitt Benckiser, SC Johnson, and Unilever, focusing on sustainability and innovation. Headquartered in Chesterfield, UK, Robinson operates plants in the UK, Poland, and Denmark, and has a significant property portfolio.
YTD Price Performance: 14.63%
Average Trading Volume: 7,209
Technical Sentiment Signal: Sell
Current Market Cap: £19.69M
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