Scapa Group flags ahead-of-views FY results after strong H1

Scapa Group has turned in a strong first-half set of results with growth in revenue, trading profit and margins, and at the same time flagged ahead-of-expectations full-year numbers.

The global supplier of bonding solutions and manufacturer of adhesive-based products saw its adjusted pre-tax profit rise to £12.1m, from £9.7m a year earlier.

This was on revenue of £135.4m, from £119.3m. Trading margin improved to 9.4%, from 8.4%.

Commenting on the results Chief Executive, Heejae Chae said Scapa had delivered a strong first half performance with growth in revenue, trading profit and margins.

"We continue to consistently deliver improving results in a volatile and uncertain environment," he added.

"We maintain a disciplined approach in executing our strategy and are excited about the opportunities that exist for the business.

"The Board believes the Group will deliver full year results ahead of expectations, benefitting from both improved trading and currency."

No interim dividend was proposed.

At about 11:25 GMT, shares in AIM-quoted Scapa were up 9.82% to 313.25p.