Full Year Results 

RPC still dogged by FCF issues

RPC still dogged by FCF issues

If nothing else, these full-year figures from RPC (RPC) could serve as a belated riposte to criticism levelled at the plastic packager by Northern Trust Capital Markets in the first quarter of 2017 - or do they? In a note to clients, the wealth manager expressed the view that a buying spree by RPC - 10 deals in a little over 12 months – had effectively masked disappointing capital returns and free cash flows, though part of the problem may have stemmed from RPS’s use of ‘alternative performance measures’ as opposed to those specified under the International Financial Reporting Standards (IFRS).

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