Sunday, August 9, 2020

Northamptonshire plastic products engineering company report revenue surge

RPC Group, an international plastic products and engineering company, has released its Q3 trading statement.

Revenue for the group has grown 31% since last year at £898m, benefitting from acquisitions, polymer price tailwinds and organic growth over 4%.

Cash generation and profitability were in line with management expectations and grew significantly versus the prior year, aided by organic growth and the further realisation of synergies which offset an adverse polymer time lag impact.

Commenting on the performance, Pim Vervaat, RPC’s Chief Executive, said: “I am pleased with the performance of the business in the third quarter and the further progress towards completing the European synergy programme.

“Through our focus on innovation, sustainability and operating in attractive end markets, we remain confident in continuing to grow through the cycle ahead of GDP and that our Vision 2020 strategy will deliver further value to our shareholders”.

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