Revenue and adjusted operating profit at RPC (RPC) are expected to be “significantly ahead” of the previous year, driven by the completion of a successful self-help programme and timely boost from recent acquisitions.
IC TIP:
Buy
at
588p
Following the successful integration of Promens and Pet Power, the rigid plastic packaging supplier said further growth opportunities are being explored as part of its Vision 2020 strategy dedicated to expanding outside of Europe and consolidating the plastic packaging market through acquisitions.
Management also confirmed that RPC is benefiting from the time lag in passing through declining polymer prices to customers, although this had been largely offset by the pound’s strength against the euro.
