Scapa sticks to Q1 targets

TECHNICAL tapes manufacturer Scapa Group says it is on track despite “currency headwinds”.

In a brief annual general meeting statement, the group headquartered in Ashton-Under-Lyne, said trading in the first quarter was in line with the board’s expectations.

It added: “We continue to strengthen our business by successfully delivering against our strategic goals and priorities, seeking to improve the quality of our business portfolio both organically and, supported by our healthy balance sheet, through acquisitions that meet our strict criteria. At the same time our focus on efficiencies continues to generate operational improvements.

“Scapa is well positioned to make further good progress this year and the board remains confident about the group’s outlook.”

The group has a market value of £195m.