Synnovia plc (formerly Plastics Capital plc) issued a trading update today indicating that although trading was strong across the Group, capacity and capability increases in the Films Division have been delayed. Relative to expectations, volumes and margins are down as higher margin products have been the ones constrained by capacity. Meanwhile costs were increased during the year to meet the additional volumes which have not fully come through. Although the Group expects full year results to Ma ....
19 Feb 2019
Higher costs in H2 reduce FY2019 forecasts
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Higher costs in H2 reduce FY2019 forecasts
Synergia Energy Ltd (SYN:LON) | 0.1 0 6.7% | Mkt Cap: 12.8m
- Published:
19 Feb 2019 -
Author:
Ian Jermin -
Pages:
4
Synnovia plc (formerly Plastics Capital plc) issued a trading update today indicating that although trading was strong across the Group, capacity and capability increases in the Films Division have been delayed. Relative to expectations, volumes and margins are down as higher margin products have been the ones constrained by capacity. Meanwhile costs were increased during the year to meet the additional volumes which have not fully come through. Although the Group expects full year results to Ma ....