Scapa Group benefits from currency movements in first half

Bonding solutions and adhesives company Scapa Group posted a period-end update for the six months to 30 September on Wednesday.

The AIM-traded firm said group revenue, trading profits and margins were all ahead of last year.

Its board said it benefitted from recent favourable currency movements and better-than-expected operational efficiency.

“The integration of EuroMed, acquired in May 2016, is on track and progressing well,” the board said in a statement.

“We remain confident of strong progress for the year.”

Scapa said it expects to release its results for the half year on 22 November.

At 0956 BST, shares in Scapa Group were up 5.37% at 296.88p.