Scapa Group Plc - AGM Statement

Scapa Group plc

AGM Statement

 

 Scapa Group plc (AIM: SCPA) is holding its Annual General Meeting at 10:30am today.  At the meeting, Larry Pentz, Chairman of Scapa Group, will provide the following update.

 

The Group's trading performance for the first quarter is in line with the Board's expectations.

 

 

Q1 Statutory Basis

Q1 Continuing Basis1

Organic (excl Syst2 & CVT3)

Growth (Reported)

Growth (constant FX)

Growth (Reported)

Growth (constant FX)

Growth (Reported)

Growth (constant FX)

Healthcare Revenues

47.8%

41.5%

40.6%

34.6%

7.9%

3.5%

Industrial Revenues

4.5%

2.8%

4.5%

2.8%

4.5%

2.8%

Scapa Group Revenues

21.6%

18.4%

18.7%

15.6%

5.6%

3.1%

 

The integration and consolidation projects are proceeding according to plan and the Company continues to seek additional opportunities to deliver long-term sustainable growth.

 

The Board considers Scapa to be well positioned to make further progress against its strategic objectives and remains confident in the Group's outlook.