Robinson plc, the custom manufacturer of plastic and paperboard packaging, has seen an increase in revenue and returned to profit in its interim results for the six months ended 30 June 2024.
The Chesterfield-based firm reported an uptick in revenue to £27.1m, up from £24.3m in the same period of the year prior.
Pre-tax profit, meanwhile, grew to £0.7m from a loss of £0.9m.
The results come as John Melia, currently Director of Strategy and Innovation at DS Smith Recycling, is set to be appointed as Group CEO.
Alan Raleigh, chairman, said: “The results for the first half of 2024 reflect the positive momentum that we have experienced since July 2023.
“Whilst market conditions remain challenging, I am very pleased that our approach to partnering with major fast moving consumer goods (FMCG) brand owners, our investment in new technology and our ability to deliver packaging made from post-consumer recycled material is delivering increased sales volume and improved performance.
“I am delighted that John Melia has chosen to join Robinson as our new Chief Executive. John is currently Director of Strategy and Innovation at DS Smith Recycling and has held senior positions at Tata Chemicals, where he oversaw major business transformation initiatives.
“He has an in-depth understanding of what is required to drive shareholder value in a business like Robinson and we look forward to him joining the team in December. I would also like to place on record the Board’s appreciation for the excellent contribution that Sara Halton has made as interim Chief Executive.
“The Company expects revenue and profit for the 2024 financial year to be in line with current market expectations. We remain committed in the medium-term to delivering above-market profitable growth and our target of 6-8% adjusted operating margin.”
