Scapa Group (SCPA)

Sector:

Industrial Chemicals

Index:

FTSE AIM 50

 234.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 403.00
  • 52 Week Low: 157.00
  • Currency: UK Pounds
  • Shares Issued: 155.24m
  • Volume: 380,154
  • Market Cap: £363.27m
  • RiskGrade: 243
  • Beta: 0.94

Scapa trades in line as it recovers from loss of ConvaTec contract

By Josh White

Date: Tuesday 19 Nov 2019

LONDON (ShareCast) - (Sharecast News) - Scapa Group reported 14.3% growth in revenue in its half-year results on Tuesday, to £160.8m, or 10.4% growth on a constant currency basis.
The AIM-traded firm said its trading profit fell 17.0% for the six months ended 30 September to £14.2m, or 20.7% on a constant currency basis, which represented a trading profit margin reduction to 8.8% from 12.2% year-on-year.

Its reported operating profit fell to £0.1m from £10.5m, which the board said reflected the impact of the loss of the ConvaTec contract.

Adjusted earnings per share were down 15.7% to 7.0p, while underlying cash flow from operations improved to £18.9m from £13.4m.

Scapa said it had net debt of £69.7m at period end, up from £55.7m, which included anIFRS 16 impact of £8.6m.

Its pension deficit was reduced to £6.4m from £8.4m at the start of the period.

Scapa did note that it was successful in its motion to dismiss ConvaTec's claim filed in May in the New Jersey federal court.

It said its claim against ConvaTec in Connecticut for damages in excess of $83m had been filed.

"We are pleased to report a resilient financial result in the first half of the year, despite the significant impact of the loss of the ConvaTec contract," said group chief executive Heejae Chae.

"We have delivered strong revenue growth and made good progress on our operational footprint plans for integrating and streamlining the business."

Chae said the company anticipated that the second half of the year would benefit from new products and technology transfers from new and existing customers.

"In the medium-term, we expect our operating leverage to unwind as we realise the value from our strongest-ever pipeline.

"Whilst the macro environment remains challenging in some of the markets in which we operate, the board remains confident of achieving its full year expectations."

At 1223 GMT, shares in Scapa Group were up 1.98% at 234p.

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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.

 

Scapa Group Market Data

Currency UK Pounds
Share Price 234.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 403.00
52 Week Low 157.00
Volume 380,154
Shares Issued 155.24m
Market Cap £363.27m
Beta 0.94
RiskGrade 243

Scapa Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
78.34% below the market average78.34% below the market average78.34% below the market average78.34% below the market average78.34% below the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average
Price Trend
31.21% below the market average31.21% below the market average31.21% below the market average31.21% below the market average31.21% below the market average
10% below the sector average10% below the sector average10% below the sector average10% below the sector average10% below the sector average
Income
82.38% below the market average82.38% below the market average82.38% below the market average82.38% below the market average82.38% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
21.57% below the market average21.57% below the market average21.57% below the market average21.57% below the market average21.57% below the market average
Sector averageSector averageSector averageSector averageSector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 1
Sell 0
Strong Sell 0
Total 5
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Scapa Group Dividends

  Latest Previous
  Final Final
Ex-Div 25-Jul-19 19-Jul-18
Paid 23-Aug-19 17-Aug-18
Amount 2.90p 2.40p

Trades for 13-Dec-2019

Time Volume / Share Price
16:35 17,057 @ 234.00p
16:29 43 @ 233.50p
16:29 109 @ 233.50p
16:29 10 @ 234.50p
16:29 186 @ 234.50p

Scapa Group Key Personnel

CEO Heejae Chae
CFO Oskar Zahn

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