Saturday, March 6, 2021

Rise in revenues and profits expected at Chesterfield packaging manufacturer

Revenues are expected to rise and profits are to be ahead of expectations at Chesterfield-headquartered Robinson plc, the manufacturer of plastic and paperboard packaging.

According to a trading statement for the year ended 31 December 2020, revenues are expected to be £37m, which represents a 6% increase on 2019. Meanwhile, the firm’s directors anticipate adjusted and reported profit before tax for 2020 to be ahead of current market expectations, and ahead of 2019.

During the year the company has invested £4.6m in new additional and replacement production equipment and in the refurbishment of a manufacturing building in its UK business.

Alan Raleigh, Chairman, said: “Robinson’s performance in 2020 has been resilient in the face of significant challenges. This has primarily been achieved due to the dedication of our people. We have continued to trade throughout the period, operating in line with local hygiene and social distancing requirements to ensure the safety and well-being of our colleagues, whilst effectively serving our customers.

“I am pleased to confirm that in accordance with the Board’s succession plan, Guy Robinson stepped down as Finance Director on 1 January 2021 and was succeeded by existing executive Board Director Mike Cusick. The Board will continue to benefit from Guy’s experience as an executive Director until May 2021 and as a non-executive Director thereafter.

“Additionally, as part of our ongoing commitment to good corporate governance during the year, existing non-executive Board Director Sara Halton was appointed as the Senior Independent Director and Chair of the Audit and Risk Committee. I look forward to working with both Guy, Mike and Sara in their new roles at Robinson.

“Despite the uncertain economic environment, we remain committed to ongoing delivery of our target of mid to high single digit sales growth and a 6-8% return on sales.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemic having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £33.60 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.

Latest news

Related news

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.