Plastics Capital Plc - Capital Network: Reaction to the Interim Results
Plastics Capital Plc (LON: PLA) reported interim results (H1 end Sep 2017) on Wednesday 6th. These show positive progress on new business wins, reflected in the H1 organic revenue growth of 13.5%, and an increased pipeline of new business (see chart p2).
At the same time the company guided to a less favourable margin mix for FY Mar 2018, with some projects delayed in the Bearings business, and more of the FY revenue to come from the lower margin Films business.
Plastics Capital is a consolidator of plastics products manufacturers. Co.'s two reportable segments comprise Industrial and Film. Industrial includes hydraulic hose consumables, which comprised of hose mandrels used by the manufacturers of hydraulic and other industrial hoses; plastic rotating parts, which include design and manufacture of plastic bearings assemblies and technical moldings; and packaging consumables, which consist creasing matrix, a consumable product used in the manufacture of cardboard boxes to facilitate creasing prior to folding. Co.'s Films division, which includes plastic sacks and pouches, and film packaging, which is used primarily in industrial and food packaging.
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