Scapa set to beat expectations

SCAPA Group, the Tameside-based supplier of technical adhesive tapes, expects to beat market expectations when it posts full-year figures next month.

In a trading update covering the 12 months to March 31 the company said operating profits were “significantly ahead” of the same period last year and also ahead of market expectations.

“Consistent with the momentum highlighted at the time of our interim announcement the group’s financial performance continues to improve,” said the company. “The group remains focused on improving operating margins and cash.”
 
Scapa said it is net debt free with strong operating cash flow with net cash of £18.6m at the year-end. It expects to report its full year results on 26 May 2011.