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.
Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.
A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!