Shares in Robinson PLC (AIM:RBN) fell over 7% to 118.5p after the maker of plastic and paperboard packaging said profit for the past year was in line with expectations but for 2026 is likely to be slightly lower.
In a trading update, the company said revenue for the current calendar year to should be around £56 million, broadly unchanged from 2024, with underlying operating profit set to be higher and in line with market expectations.
Growth in UK sales volumes has continued, driven by demand for PET bottles and new paperboard customers. This was offset by reduced activity in Denmark, where demand remains volatile, and increasing cost pressures on customers in Poland.
On its sales of surplus property, Robinson said it expects to complete the sale of Hipper House in January 2026 for £760,000, and has also agreed, subject to contract, to sell two additional Chesterfield properties for a combined £2.125 million.
The proceeds will be used to reduce bank debt, with directors saying they intend to realise value from the disposal of more surplus properties over time and use the proceeds to further reduce debt and develop the packaging business.
For 2026, the company expects its UK businesses to deliver further revenue and profit growth in 2026, but conditions in Poland and Denmark are expected to remain challenging.
It warned also that operating profit is likely to be "slightly lower" due to investment in strategic growth initiatives and reduced rental income from property disposals.