James Cropper (AIM:CRPR), the AIM-listed advanced materials and paper and packaging group, said trading for the 22 weeks to 28 August is in line with full-year market expectations.
The board flagged the update ahead of its annual general meeting, describing a "strong start to the year" as strategic implementation continues to improve business performance.
Advanced Materials revenue held broadly steady against the same period last year, while Paper & Packaging delivered a particularly strong performance, driven by high demand from established customers and new business wins.
The company said this extends momentum built in the second half of its last financial year.
James Cropper expects to release interim results for the six months to 30 September in November.
News Intelligence what this means for the company
James Cropper reported trading in line with full-year market expectations for the 22 weeks to 28 August, with Advanced Materials revenue flat year-on-year and Paper & Packaging delivering strong performance. The update extends momentum from H2 of the prior year, when Paper & Packaging returned to EBITDA profitability following restructuring, efficiency gains in raw material use and energy, and a change to a five-day manufacturing pattern—a recovery now translating into new business wins and sustained customer demand.
The trading update confirms the company is tracking consensus expectations rather than surprising to either side. With interim results due in November, the near-term narrative hinges on whether Paper & Packaging's momentum and cost discipline can offset the expected revenue headwind in Advanced Materials (flagged in prior guidance as a tough comparator effect).
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