29 May 2013 – final results
Excellent results have been produced by Scapa Group, the global manufacturer of bonding materials and solutions, with revenue rising by 7% to £209m and adjusted pre-tax profits increasing 33.7% to £12.7m (2012: £9.5m). Earnings per share on the same basis were 33.3% higher at 5.6p (2012: 4.2p) and the dividend has been re-instated with a final dividend of 0.5p proposed. These are clearly very good results given the difficult trading environment and reflect the resilience of the business. With further progress expected in the current year the shares remain a BUY.