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Robinson PLC on Thursday said it is in ‘advanced discussions’ over the appointment of a new chief executive officer, after a ‘thorough search process with a leading recruitment agency’, and also reported strong sales growth. Shares in Robinson were up 10% at 110.20 pence each in London on Thursday afternoon. In August last year, the plastic and paperboard packaging manufacturer reported that Helene Roberts would resign as CEO in September, with senior independent non-executive director Sara Halton taking over on an interim basis while the company searched for a new CEO. Meanwhile, in a trading update, Robinson said the momentum that it experienced in the second half of 2023 has continued into 2024. Sales volumes in the first four months of 2024 rose 12% from a year earlier. With the effect of sales price and foreign exchange movements, total revenue grew 8%. Looking ahead, the company expects 2024 revenue to be ahead of 2023 and current market expectations. Full-year operating profit before amortisation of intangible assets and any exceptional items is expected to be in the region of £3.0 million, up from £2.2 million in 2023 and ahead of current market expectations. Copyright 2024 Alliance News Ltd. All Rights Reserved.
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