Scapa has made great strides in improving the quality of the business both from growing the Healthcare division (currently around 50% of divisional operating profits before central costs) and from the improving quality of earnings in Industrial. We believe that there is further scope on this front, particularly with the benefits from the closure of Rorschach, which should take Industrial margins towards 10%. The legacy pension funding issue also continues to be carefully managed, with a stabl
22 Nov 2016
Interims – Strong underlying progress & FX tailwinds
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Interims – Strong underlying progress & FX tailwinds
- Published:
22 Nov 2016 -
Author:
Chris Thomas -
Pages:
5
Scapa has made great strides in improving the quality of the business both from growing the Healthcare division (currently around 50% of divisional operating profits before central costs) and from the improving quality of earnings in Industrial. We believe that there is further scope on this front, particularly with the benefits from the closure of Rorschach, which should take Industrial margins towards 10%. The legacy pension funding issue also continues to be carefully managed, with a stabl