The Board of James Cropper PLC is pleased to issue a positive trading update for the 53 weeks to 2 April 2016.
During the calendar year 2015, James Cropper and notably the Technical Fibre Products division experienced healthy sales growth. This trend has continued in the first calendar quarter of 2016.
The financial impact of the events of late last year as announced on 15 December has yet to be fully quantified but the board is confident that insurance and other mitigating factors will compensate for any adverse financial impact including business interruption. A fuller update will be available by the time that the Company reports its full year results in June 2016. The board is confident that, even before recent favourable FX movements, the Company’s full year results will materially exceed market expectations. The outlook for the financial year just starting is encouraging.