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Plastics Packager RPC Sees Shares Fall On Cash-Flow Worries

Published on Jun 6 2018 1:00 PM in Packaging And Design tagged: Packaging / Share Price / Plastic / Paywall / RPC / Jefferies

Plastics Packager RPC Sees Shares Fall On Cash-Flow Worries

European plastic packaging leader RPC is stepping up capital investments, leading to a 4% decline in free cash flow in the year to end March and sending its shares to a two-year low on Wednesday.

The UK-based company said that full-year free cash flow was £229 million, with capital investments of £242 million, versus its guidance for £230 million, and set to rise to £250 million this year.

RPC said that it had spent on building inventory ahead of the key European agricultural selling season, between April and September, and invested in property, plants and equipment to expand its business – notably in China – and make it more efficient.

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