Synnovia plc (formerly Plastics Capital plc) issued a trading update today indicating that although trading has been strong across the Group, capacity increases in the Films Division were delayed beyond expectations. These delays, coupled with associated increased costs and unexpected cost inflation, have impacted profitability in Films. As a result, Group profits are expected to be marginally below current market expectations but still ahead of the previous year. Trading in the higher margin In ....
25 Apr 2019
Capacity expansion delays impact profit growth
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Capacity expansion delays impact profit growth
Synnovia plc (formerly Plastics Capital plc) issued a trading update today indicating that although trading has been strong across the Group, capacity increases in the Films Division were delayed beyond expectations. These delays, coupled with associated increased costs and unexpected cost inflation, have impacted profitability in Films. As a result, Group profits are expected to be marginally below current market expectations but still ahead of the previous year. Trading in the higher margin In ....