Plastics Capital plc (the Group, the Company) reported results in line with our previously reduced expectations in a year which saw strong growth from the Film division but a disappointing outcome from the Industrial division. The disappointment arose through the volatile call-off on plastic components from two of BNL’s key customer projects. Excellent growth in the lower margin Films business was insufficient to make up the ground lost in the higher margin and leveraged Industrial division. Cap ....
02 Jul 2018
Weak Industrials impacts earnings growth
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Weak Industrials impacts earnings growth
Plastics Capital plc (the Group, the Company) reported results in line with our previously reduced expectations in a year which saw strong growth from the Film division but a disappointing outcome from the Industrial division. The disappointment arose through the volatile call-off on plastic components from two of BNL’s key customer projects. Excellent growth in the lower margin Films business was insufficient to make up the ground lost in the higher margin and leveraged Industrial division. Cap ....