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RPC Group (RPC)     

dreamcatcher - 22 Jun 2012 20:59




RPC was established in 1991 following the management buyout of the plastic operations of Reedpack Ltd from SCA. Originally comprising five UK factories, the company today has over 55 operations in 19 countries and employs more than 11,100 people, with annual sales in excess of £1bn. It was listed on the London Stock Exchange in 1993 and entered the FTSE 250 in March 2011.

RPC is unique in offering products manufactured by the three main conversion processes – blow moulding, injection moulding and thermoforming, each technology producing different product characteristics that are suitable for specific packaging applications. It is structured along market and technological lines into six clusters which are aligned to these three processes.

Each cluster has on average seven manufacturing sites, operating across a wide geographical area for reasons of customer proximity, local market demand and manufacturing resource. Each plant is run autonomously.

This structure gives RPC a high degree of knowledge and expertise, along with the flexibility to deal with all types of sizes of businesses, and enables the company to deliver packaging solutions tailored each time to individual customer requirements, as well as the highest levels of service and support.


http://www.rpc-group.com/

Free counters!

Chart.aspx?Provider=EODIntra&Code=RPC&SiChart.aspx?Provider=EODIntra&Code=RPC&Si

dreamcatcher - 22 Jun 2012 21:00 - 2 of 244

Plastic Packaging Manufacturers


RPC is Europe's leading supplier of rigid plastic packaging, with operations throughout Europe and one in the USA. Its product range comprises all forms of rigid packaging, namely injection moulded packs, thermoformed packs, sheet and extrusion blow-moulded packs, as well as injection-blown and injection-stretch-blown packs.

The business, which comprises 51 manufacturing sites and 6 separate distribution and sales centres, converts polymer granules into finished packaging product by a combination of moulding and assembly processes, with certain products undergoing additional value-adding decorating processes such as printing or label application.

Customers range from large multinational companies such as Unilever, Kraft, Nestlé and L'Oréal to local small and medium sized enterprises.

Operations are structured along market and technological lines. These groups of operations are organised into 7 clusters, aligned to the 3 main conversion processes used in the Group. The conversion process, cluster and markets they serve are as follows:


--------------------------------------------------------------------------------

Process Cluster Market
Blow Moulding
Blow Moulding
Personal care, automotive, food & drinks, agrochemicals, caps & closures, barrier containers, industrial

Injection Moulding
UKIM
Paint & surface coatings, DIY products, food, fresh soups and sauces, healthcare & pharamceutical, yellow fats, promotional products

Injection Moulding
Bramlage-Wiko
Personal care, pharmaceuticals, cosmetics, tablet dispensers, inhaler devices, food packaging, coffee capsules

Injection Moulding Superfos Food, soup & sauces, margarine & spreads, paint & surface coatings, DIY products


Thermoforming
Bebo
Margarine & spreads, ready meals, fresh / frozen and long shelf life foods, baby food, barrier containers, dairy market

Thermoforming
Cobelplast
Multi-layer barrier sheet for food & non food applications

Thermoforming
Tedeco-Gizeh Vending & drinking cups, coffee capsules, disposable products

dreamcatcher - 24 Jun 2012 20:34 - 3 of 244

Annual Report and Accounts 2012

http://www.rpc-group.com/assets/invest_rel/rpc_annual_report_2012.pdf

dreamcatcher - 11 Aug 2012 18:11 - 4 of 244

Ex-Dividend
08 Aug 12 RPC Group PLC [RPC] (10.2 p)

dreamcatcher - 09 Sep 2012 09:30 - 6 of 244

In IC this week as one of their seven high - yielding free cash - flow kings of 2012.

Unlevelled free cash flow - cash after all unavoidable payments except interest payments. Higher than it was five years ago and rising in atleast three of the past five.

Cash from operations above operating profit for each of the last three years.

Nebt debt less than twice cash profits

As an indication that the business is of decent quality we have asked for an average
return on equity over the past three years of 10 per cent or more.

Rigid plastic group RPC has not been immune to economic weakness but strategic change as the group has helped to underpin performance. The company has been investing in higher - margin products, while engineering an exit from less desirable activities.

Market cap £720 m Divident yield 3.3% divident cover 2.3 pe ratio 15.8

forecast pe ratio 10.9 forecast eps growth 7.6% nebt debt -£169m

dreamcatcher - 24 Sep 2012 08:32 - 7 of 244

.

dreamcatcher - 29 Sep 2012 09:50 - 8 of 244

RPC to top prior year
28 September 2012 | 07:05am
StockMarketWire.com - Plastic packaging supplier RPC Group said that operating profit (before exceptional items) in the first half-year is likely to be ahead of the prior year period.

Activity levels are generally anticipated to be on a similar level to last year.

Growth in higher added value products such as coffee capsules continued enhancing the overall sales mix, although some weaker market conditions such as industrial sales into the Spanish market were also experienced.

Significant investment in the Group's pharmaceutical operations is taking place enabling future higher added value growth. Revenue in the first half of the financial year as reported in sterling is projected to be lower than the corresponding period last year mainly as a consequence of the strengthening of the sterling versus the euro as a significant part of the Group's turnover is recorded in euro.

Operating profit (before exceptional items) in the first half year is anticipated to be ahead of the corresponding period last year and in line with management expectations despite the general economic weakness and the strengthening of the sterling versus the euro. This improvement is driven by growth in higher added value products, the realisation of further Superfos synergies, cost efficiency measures and a less adverse impact from the time lag in passing through polymer prices to customers.

Polymer prices rose to record levels in April before reducing by more than 20% by the end of July. Subsequently they have however increased again to near record levels by the end of September.

The Group continues to have a robust financial position with cash flow performance in the first half year anticipated to be satisfactory.

The integration of the Superfos business has been completed and the achievement of the first phase synergies were finalised through the closure of the Runcorn facility in June. The Group is now focusing on realising the medium and longer term synergies which is combined with other cost efficiency measures in the "Fit for the Future" programme aiming to further enhance operational efficiency and achieve commercial benefits.

The previously announced withdrawal from the loss making market segments of automotive components in Neutrabling (Germany) and vending cups in mainland Europe have also been completed. The automotive components business, which achieved sales of circa €7m in the year ending March 2012, has been sold to APC GmbH. The value of the gross assets sold was £2.3m.

Ron Marsh, CEO, said: "The improvement in the first half year is encouraging as it is achieved in a generally weak macro-economic environment. I believe RPC is well positioned to continue to deliver the performance necessary to achieve its stated aim of a 20% ROCE by March 2014."

dreamcatcher - 20 Oct 2012 16:54 - 9 of 244

In IC this week they retain their long-term buy.
Growth looks well supported as retailers look for lightweight packaging. Delivering healthy dividend increases.

dreamcatcher - 20 Oct 2012 18:17 - 10 of 244

Niche operators that specialise in moulded plastics such as RPC, have been forging ahead.
Unilever has publicly pledged to reduce the weight of its packaging by a third by 2020.
Its solution is lightweight plastic packaging. This combined with demand for innovative new products such as disposable coffee capsules, is helping offset weakness in Southern Europe for RPC.

dreamcatcher - 27 Nov 2012 20:09 - 11 of 244

Thursday 29 Nov Interim results Due

dreamcatcher - 29 Nov 2012 07:22 - 12 of 244

Half Yearly Report
RNS
RNS Number : 2568S
RPC Group PLC
29 November 2012





29 November 2012

RPC GROUP PLC



Half year results for the six months ended 30 September 2012





RPC Group Plc, Europe's leading supplier of rigid plastic packaging, announces today its half year results for the six months ended 30 September 2012.





Highlights:



· Adjusted operating profit up 4% at £47.0m (2011: £45.4m) with the return on sales improving to 9.1% (2011: 7.7%)

· Sales lower at £518m (2011: £587m) reflecting the impact of a weaker euro with overall volumes 3% down on last year albeit with an improved sales mix

· Adjusted EPS at 18.4p (2011: 18.3p)

· Net profit for the period lower at £13.9m (2011: £26.3m) after incurring £18.5m (2011: £4.1m) of restructuring costs, impairment losses and other exceptional items.

· Good cash flow performance with net cash generated from operations at £42.5m (2011: £30.9m)

· ROCE for the period improved to 19.3% (2011: 18.2%)

· Superfos integration and exit from mainland Europe vending cup and automotive businesses successfully completed

· New business optimisation programme 'Fitter for the Future' launched

· Manuplastics business acquired enhancing the sale and manufacturing base for personal care in the UK

· Interim dividend of 4.3p (2011: 4.2p)





Commenting on the results, Jamie Pike, Chairman said:



"This was another creditable performance by the Group in a continually challenging economic environment. The ROCE target set following the Superfos acquisition has been largely achieved but with the prospect of prolonged macro-economic weakness the Group has embarked on the 'Fitter for the Future' optimisation programme to ensure that this level of performance can be sustained. Opportunities to grow the business from a position of financial strength through innovation and acquisitions continue to be explored."

dreamcatcher - 29 Nov 2012 08:29 - 13 of 244

1

dreamcatcher - 28 Mar 2013 07:30 - 14 of 244



Final Pre-Close Trading Statement
RNS
RNS Number : 0461B
RPC Group PLC
28 March 2013



RPC Group

28th March 2013



Pre-close trading statement

RPC Group, Europe's leading supplier of rigid plastic packaging, today issues its pre-close trading statement for the financial year ending 31st March 2013 ahead of its preliminary results due to be published on the 5th June.



Trading performance

Activity levels in the fourth quarter were better compared with the previous quarter with the growth in higher added value products such as coffee capsules continuing. When taking into account discontinued businesses, sales volumes for the year are anticipated to be on a similar level to last year with the sales mix improving. The upturn in January has not been sustained and trading conditions remain challenging against the backdrop of the difficult macro-economic conditions in the Eurozone and the UK which affected overall activity levels and competitive intensity.

Polymer prices rose to near record levels by the end of September and reduced gradually towards the end of 2012 before rising again in the fourth quarter. Polymer price variations are generally passed on to the customer base albeit with a time lag. This time lag effect had a negative overall impact on operating profit in 2012/13 whereas it was beneficial in the previous financial year.

Revenue for the financial year 2012/13 is expected to be lower than the previous year, largely as a consequence of the strength of sterling versus the euro, in which a significant part of the Group's turnover is recorded. This currency translation effect is estimated to have a negative impact on the operating profit of circa £4m. The operating profit (before exceptional items) as reported in sterling for the twelve months to 31 March 2013 is therefore anticipated to be slightly below last year. When measured on a constant currency basis, the overall performance is anticipated to be similar to last year as the material adverse polymer time lag variance has been compensated by cost reduction measures (including Superfos synergies) and an enhanced sales mix.

The financial position remains robust with satisfactory cash flow development in the fourth quarter and significant headroom under the Group's debt facilities.



Other developments

The "Fitter for the Future" business optimisation programme is progressing well with the site closures at Beuningen (Netherlands) and Antwerp (Belgium) due to be completed in 2013. Good progress has also been made on the other cost efficiency measures. The integration of the Manuplastics business acquired in November 2012 is proceeding to plan with the realisation of the cost synergies largely complete.



Outlook

As a result of flat economic growth forecasts for many of our European markets and the challenging trading environment, the Board currently expects limited overall organic growth for the financial year 2013/14. The Group will continue to decisively act upon those matters within its control in relation to sales mix and cost efficiency measures with further progress expected in the new financial year. Opportunities for value adding growth via corporate development activities, both within and outside of Europe, will also be actively pursued. The Group's strong European market positions, leading innovation capability, scale and competitiveness continue to underpin value and growth fundamentals for RPC's portfolio of businesses.



Jamie Pike, RPC's Chairman said:

"The continuing lack of growth in Europe, which is expected to continue in 2013/14, has had an impact on the level of profitability. The overall performance in these challenging trading conditions remains however robust and the Group is well placed to benefit from economic recovery from a position of sound financial strength. The Board remains confident in RPC's prospects."




dreamcatcher - 28 Mar 2013 08:53 - 15 of 244

RPC warns of challenging conditions and limited growth next year
By Benjamin Chiou

Thu 28 Mar 2013

RPC - RPC Group


LONDON (SHARECAST) - FTSE 250-listed plastic packaging firm RPC Group said that foreign exchange (FX) changes and challenging economic conditions mean that both revenues and profits will be lower this year, while limited growth is expected next year.

In a separate statement, RPC appointed Simon Kesterton, a member of the Chartered Institute of Management Accountants, as its new Finance Director, replacing Pim Vervaat who is to step up to the Chief Executive Officer position in May.

As previously announced, Vervaat is to replace Ron Marsh, who notified the group of his intention to quit in October. Chairman Jamie Pike said that the changes mark "the end of an era" after Marsh led the company for 24 years.


Trading subdued
Ahead of RPC's full-year results to be published in June, the company said activity levels in the fourth quarter (ending March 31st) improved on the preceding quarter with growth in higher added value products continuing. However, when taking into account discontinued businesses, sales volumes will be flat for the year.

"The upturn in January has not been sustained and trading conditions remain challenging against the backdrop of the difficult macro-economic conditions in the Eurozone and the UK which affected overall activity levels and competitive intensity," the company said.

The company warned of the impact of rising polymer prices - near record levels during the year - on its bottom line: it said that while price variations are generally passed on to the customer base, there is a time lag, meaning that operating profits were affected.

Meanwhile, the relative strength of sterling against the euro is to have a negative effect on results this year, meaning that both revenues and profits will be lower than the 2011/2012 financial year. At constant currency, RPC said that its performance would be similar to last year as changes in polymer prices are offset by cost-reduction measures and a better sales mix.

"The continuing lack of growth in Europe, which is expected to continue in 2013/14, has had an impact on the level of profitability," Pike said.

"The overall performance in these challenging trading conditions remains however robust and the group is well placed to benefit from economic recovery from a position of sound financial strength. The board remains confident in RPC's prospects."

As for the 2013/2014 year, RPC said that subdued economic growth and a challenging trading environment means that "limited overall organic growth" is expected.

dreamcatcher - 05 Jun 2013 07:13 - 16 of 244

Final Results

Key developments:



§ Revenues of £1,051m (2012: £1,130m) reflecting the impact of a weaker euro versus sterling and the strategic exit from certain sectors. Underlying activity levels similar to last year with the sales mix continuing to improve;



§ Adjusted operating profit of £89.7m (2012: £93.5m) at the same level as last year when measured at constant exchange rates. Return on sales improves to 8.5% (2012: 8.3%);



§ Net profit for the year at £25.5m (2012: £44.7m) after incurring £36.0m (2012: £20.6m) of restructuring costs, impairment losses and other exceptional items;



§ Superfos integration and exit from mainland Europe vending cup and automotive business successfully completed. Good progress made with the business optimisation programme 'Fitter for the Future';



§ Net cash flow from operating activities at £85.5m (2012: £100.1m) and net debt at £171.4m (2012: £160.0m);



§ ROCE of 18.3% (2012: 19.3%) adversely impacted by exchange rates;



§ Adjusted basic EPS at 34.8p (2012: 37.3p) with a final dividend of 10.6p recommended giving a total year dividend of 14.9p (2012: 14.4p).






http://www.moneyam.com/action/news/showArticle?id=4608206

dreamcatcher - 06 Jun 2013 20:51 - 17 of 244

6 Jun JP Morgan... 496.00 Overweight

dreamcatcher - 07 Jun 2013 23:40 - 18 of 244

A hold in this weeks IC- High polymer prices dent RPC.

Cost cutting targets could yet prove overly conservative and some easing in polymer prices of late helped push RPC's shares up about 6% on the day these figures appeared. But polymer prices and currency markets are volatile , and the shares - trading at over 11 times forecast earnings - aren't especially cheap.

dreamcatcher - 09 Jun 2013 08:32 - 19 of 244


Questor share tip: Buy RPC Group for market recovery
TelegraphBy Garry White | Telegraph – Thu, Jun 6, 2013 07:00 BST...
Companies:

RPC Group (LSE: RPC.L - news) 's started the year well. Questor says buy.

RPC Group 407.7p+8.1 Questor says BUY

Plastics specialist RPC Group issued full-year results yesterday that were in line with lowered expectations. This followed a profit warning in November (Xetra: A0Z24E - news) . However, investors are now more interested in the future.

RPC (NYSE: RES - news) is an innovator in packaging, with key skills in producing lightweight rigid plastic containers throughout Europe. It has a particular strength in items such as coffee capsules, with customers including global brands such as Nescafe, Heinz and Dulux.

The shares surged yesterday after management said that the new year had started well, with sales in April and May rising 5pc to 10pc on an underlying basis. However, it is important to note that Easter was earlier this year, so there were more trading days in April to flatter the figure. Nevertheless, the group looks as if it will return to good growth over the next few years, with customers more confident on new product launches.

Last year was challenging for a number of reasons. The group was hit by rising polymer costs, which it passes on to customers with a time lag, the weak euro and the generally subdued economic backdrop.

In the year to March 31, revenues fell 7pc to £1.051bn. Some of the fall was down to currency weakness in eurozone operations, with the group exiting from some lines of business such as its European vending cup operations.

Pre-tax profits tumbled by almost a third to £40.3m after £22.1m of restructuring costs and £10.7m of writedowns. In total, exceptional items were £36m.

The final dividend of 10.6p will be paid on September 6 and brings the total payout to 14.9p, a 3.4pc year-on-year rise.

This represented the 20th consecutive year that the company has increased its payout. The prospective yield is 3.7pc rising to 4pc next year.

The group trades on a current year earnings multiple of 11.6 falling to 10.5, due to the fact that its markets appear to have hit a trough in 2012.

Based on future growth and positive trends in polymer prices, Questor upgrades to buy from hold.

dreamcatcher - 28 Jun 2013 14:33 - 20 of 244


RPC Group
FY13 results
Focusing on core strengths
http://www.edisoninvestmentresearch.com/researchreports/RPC270613update.pdf

dreamcatcher - 03 Jul 2013 22:08 - 21 of 244


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3 Jul JP Morgan... N/A Overweight
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