Packing up in America will help Robinson concentrate on Europe
1 min read
Robinson, the manufacturer of plastic and paperboard packaging, said today that 2011 had begun more brightly that last year and that following the closure of its North American business, it would concentrate all its efforts on Europe.
The Chesterfield-based firm was announcing its results for 2010 which saw pre-tax profit rise to £1.7m (2009: £1.0m) on revenue up 13% to £24.8m (2009: £21.9m). The loss making North American business closed in December 2010.
Commenting on the results, chairman, Richard Clothier said: "We are pleased to report growth in 2010 and also that the current year has started better than last year, in line with management expectations. With the closure of the North American business, we are able to concentrate our efforts in Europe and we are confident that, unless market conditions deteriorate significantly, we will be able to make further progress in 2011." Profits were higher than Robinson had achieved for many years, he went on.
Looking ahead, Clothier said Robinson remained conscious of the possible effects of economic trends and Government policy on its costs and consumer demand, but due to the Group's exposure to the usually resilient food, drink and toiletry sectors he did not expect revenues to be greatly affected.
