• First-half revenue up 2 per cent to £27.6mn
• Underlying operating profit up from £1.6mn to £2mn
• Forward PE ratios of 11.8 (2025) and 10 (2026)
• 4.1 per cent dividend yield
Chesterfield-based Robinson (RBN:147.5p), a manufacturer of custom plastic and paperboard packaging using sustainable solutions, is well on track to deliver double-digit full-year earnings growth.
Although first-half revenue only edged up slightly to £27.6mn, the combination of a higher gross margin (up from 20.7 to 22.2 per cent) and strong cost control (only £0.1mn higher costs) meant that Robinson generated £0.5mn of incremental gross profit. This fed through to a £0.4mn (24 per cent) increase in adjusted operating profit and £0.46mn (36 per cent) higher adjusted pre-tax profit of £1.7mn with the benefit of a lower finance charge. Robinson only needs to deliver £1mn of operating profit from second-half forecast revenue of £28.8mn to hit house broker Cavendish’s full-year adjusted pre-tax profit and earnings per share estimates of £2.7mn and 12.5p, up from £2.4mn and 9.6p in 2024.