Scapa 1Q Sales Up 10%, Cautiously Optimistic For The Year

28th Jul 2010 09:04

LONDON (Dow Jones)--Scapa Group PLC (SCPA.LN), sales for the first quarter were up 10% compared with a year earlier, and said it has seen strong performances across market segments, particularly in Industrial and Medical, but remain cautiously optimistic for the year given the global economic uncertainty. MAIN FACTS: -North America has continued to improve, aided by underlying recovery in the economy and orders accelerated by the closure of Carlstadt facility. -Asia and Europe are sustaining the revenue level achieved in the fourth quarter as we focus on quality of revenue. -The increased volume and reduced cost base will further improve profitability which is a key deliverable for the year. -Shares closed Tuesday at 17 pence, valuing the company at GBP24.61 million. -By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9275; [email protected] (END) Dow Jones Newswires July 28, 2010 04:04 ET (08:04 GMT)