Scapa trading on target
TECHNICAL tapes manufacturer Scapa Group has reported a “solid start” to the year, with trading performance for its first quarter in line with expectations.
The Ashton-under-Lyne company said ahead of it’s annual general meeting later today that it continues to make progress on improving margins.
In May the group said that despite a tough trading environment, a number of self-help measures had helped to improve profitability for its financial year ending March 31, 2012. These have included a series of measures to drive out costs, including a centralisation of certain functions and efforts to optimise supply chains.
The company said it continues to persue improved efficiency and cost reduction, adding it is also is focussing on improving the quality of its business portfolio.
