11 April 2017 – trading update
The group has issued a trading update confirming that a strong second half performance will mean that the results for the year to 31 March will be in line with expectations. The Technical Plastics division delivered another year of growth and improvement in operating margin with the latter expected to be at or close to the group’s 10% target whilst the integration of the recently acquired Precision Tool and Die business has progressed well. The LED lighting business also continues to win more business. Net debt is in line with expectations and the shares remain a LONG TERM BUY.