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RPC forecasts mixed bag
Originally published:  01/10/2009
European plastics pails producer RPC has announced that while it expects first half revenues to be down on the corresponding period last year when they are published at the end of November, operating profit should be up due to improved margins and lower costs as a result of reduced headcount. “The current economic environment is difficult and has impacted volumes, although the customer de-stocking effect appears to have run its course. Measures have been taken to address the cost base which, together with a much needed restoration of margins, has so far more than offset the volume impact,” says CEO Ron Marsh.