RPC Group (RPC)

Sector:

Manufacturing

Index:

FTSE 250

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864.50p
   
  • Change Today:
      4.50p
  • 52 Week High: 1,007.00p
  • 52 Week Low: 720.50p
  • Currency: UK Pounds
  • Shares Issued: 410.58m
  • Volume: 2,086,007
  • Market Cap: £3,549.42m
  • RiskGrade: 142

RPC Group's quarterly profits ahead of expectations, launches buyback

By Oliver Haill

Date: Wednesday 19 Jul 2017

LONDON (ShareCast) - (ShareCast News) - RPC Group, the plastic packaging specialist, reported first-quarter sales and profits ahead of last year's and intends to begin a £100m share buyback programme.
The FTSE 250-listed company said it had generated £960m revenues in the three months to 30 June 2017, not too far from the £1.2bn generated in the whole of the first half in 2016.

Continued organic growth, the contribution from acquisitions, including a good start from Letica, and positive foreign exchange movements all contributed to the increase.

Group margins and profitability were ahead of management expectations before and after exceptional items, with RPC saying favourable currency translation effect had offset the negative time lag impact from passing through higher polymer prices.

Cash flow development remains on track.

Having upped strategic buying of polymer from 310 kilotonnes in 2013/14 to 1,100kt on an annualised basis now, chief executive Pim Vervaat said the implementation of the Vision 2020 growth strategy was "progressing well with continued organic growth, good profitability levels and robust cash generation".

"The board is confident that the group's performance going forward will continue to deliver value to its shareholders."

RPC does not plan to make any significant acquisitions over the rest of the year over and above those already announced.

Directors still see a "significant" opportunity to consolidate European markets remains, but given the pace of its recent acquisition activity, the near term focus will be on "delivering the announced synergy realisation programme; demonstrating the contribution of the newly acquired businesses; whilst continuing to drive organic growth, margin improvement, return on capital and strong cash flow generation".

Executive pay will be re-aligned to include further emphasis on returns on capital and cash flow generation, with shareholders to be consulted as part of this process.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

RPC Group Market Data

Currency UK Pounds
Share Price 864.50p
Change Today 4.50p
% Change 0.52 %
52 Week High 1,007.00p
52 Week Low 720.50p
Volume 2,086,007
Shares Issued 410.58m
Market Cap £3,549.42m
RiskGrade 142

RPC Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
57.98% below the market average57.98% below the market average57.98% below the market average57.98% below the market average57.98% below the market average
60% below the sector average60% below the sector average60% below the sector average60% below the sector average60% below the sector average
Price Trend
14.70% above the market average14.70% above the market average14.70% above the market average14.70% above the market average14.70% above the market average
6.67% above the sector average6.67% above the sector average6.67% above the sector average6.67% above the sector average6.67% above the sector average
Income
21.99% above the market average21.99% above the market average21.99% above the market average21.99% above the market average21.99% above the market average
27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average
Growth
90.90% above the market average90.90% above the market average90.90% above the market average90.90% above the market average90.90% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 8
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 9
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

RPC Group Dividends

  Latest Previous
  Interim Final
Ex-Div 28-Dec-17 10-Aug-17
Paid 26-Jan-18 01-Sep-17
Amount 7.80p 17.90p

Trades for 18-Dec-2017

Time Volume / Share Price
17:05 8,975 @ 864.36p
17:02 8,975 @ 864.36p
17:01 5,435 @ 868.82p
16:59 2,654 @ 866.69p
16:53 7,990 @ 864.50p

RPC Group Key Personnel

CEO Petrus R M Vervaat
Finance Director Simon Kesterton

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