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Preliminary Results for the Year Ending 27th March 2010
“Speciality Papers traded strongly in the financial year continuing the recovery that began in the second half of the previous financial year”.
“I am confident that our marketing led growth plans will progress during the coming year. However the upward movement in pulp prices will impact on the profitability of Speciality Papers in the short term. Price increases are currently being agreed with customers although there will be a time lag as regards implementation”.
“The value of TFP’s order book has increased significantly over the level of six months ago indicating that the impact of the recession on down stream customers is easing. As a consequence I anticipate that TFP’s sales to the aerospace, defence, security and consumer electronics sectors will build strongly in the next 12 months”.
“I am very encouraged by the way the Group has managed to weather the vagaries of the recession. Although the outlook for the global economy remains unclear, I am confident, given our plans, that my successor as Chairman has a strong foundation upon which to build”.
Extract of the statement by the Chairman, J A Cropper
The full statement can be download below.
Enquiries:
James Cropper plc
John Denman, Group Finance Director
Tel: 01539 722002
Brewin Dolphin Securities Ltd
Andrew Kitchingman, Managing Director
Corporate Finance
Tel: 0845 270 8613
Mobile: 07785 708167
Download the full PDF version of the
Preliminary Results Issued June 2010
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Download the full PDF version of
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Investor Briefing Issued June 2010 |
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