Scapa celebrates global growth

BONDING materials and solutions specialist Scapa Group has announced revenue has grown to £236m in the year ended March 31, up 4.4% (2014: £226.1m).

Pre-tax profits soared 22.3% to £13.7m (2014: 11.2m), the company said in its preliminary results which indicated “strong revenue, profit and margin growth across our markets”.

Underlying earnings per share for the Ashton-under-Lyne-based company increased 26.4%  to 9.1p (2014: 7.2) and the final dividend increased 50% to 1.5p (2014: 1p), reflecting performance and confidence in the businesss.

The company also reported net debt of £3.4m (2014: Net cash £5.4m) after the acquisition of First Water Ltd for £11.2m.

Success was attributed to growth across all market segments across the globe.

Chief executive Heejae Chae said:  “This year we delivered a record performance with market share gains resulting in revenue and profit growth across all our markets and regions.

“We enter the current year with two strong and distinct businesses: Healthcare is evolving as the market leader in outsourcing for our chosen healthcare markets; and industrial is demonstrating its potential to further maximise ROCE as we focus on the key markets and deliver on its manufacturing strategy.

“While it is early in the new financial year we expect to continue the momentum and believe the Group is well positioned to make continued progress in the coming year.”

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