Robinson revenue, sales volumes rise in new financial year
By Josh White
Date: Thursday 22 May 2025
(Sharecast News) - Robinson said in an update on Thursday that sales volumes in the first four months of 2025 were 1% higher than the same period last year, with group revenue up 3% when including price and currency effects.
UK trading was strong, particularly in PET bottles, although that was offset by softer and more volatile demand in Denmark, where conditions remained challenging.
Underlying operating profit for the period was in line with 2024 levels, as the company reaffirmed expectations that full-year profit would be ahead of last year and consistent with market forecasts.
Chairman Alan Raleigh told shareholders the group's strategy was being sharpened under new chief executive officer John Melia, with a focus on profitable growth in attractive sectors and stronger engagement with blue-chip FMCG customers.
Robinson said it was also progressing with the disposal of surplus properties in Chesterfield, where it expected further sales this year.
The estimated market value of surplus sites stood at £7.4m, including the Walton Works site where contracts had been exchanged.
Net debt rose to £7.3m at the end of April from £5.9m at year-end, including £1.5m of capital expenditure.
The board said it anticipated strong cash generation in the medium term from both property disposals and improved operational performance.
At 0904 BST, shares in Robinson were down 5.93% at 127p.
Reporting by Josh White for Sharecast.com.
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