Report
James Cropper PLC
Burneside Mill
Phone: +44 1539722002p:+44 1539722002 KENDAL, LA9 6PZ  United Kingdom Ticker: CRPRCRPR


James Cropper Plans To Restructure Its Paper Division


James Cropper PLC ("James Cropper", "Group" or the "Company") AGM Statement and Trading Update Annual General Meeting James Cropper plc is holding its 2020 Annual General Meeting (AGM) at 11.00am today, in accordance with its articles of association and in compliance with the UK Government's social distancing guidelines. As such, as previously instructed, shareholders should not attend the meeting in person. AGM Statement and Trading Update In line with management expectations the Group has experienced a sharp downturn in activity in the first quarter of this year, resulting in a trading loss. The impact of the global pandemic is now being felt throughout the Group. The Group continues to focus on the health and well‐being of our employees globally, supporting our customers and managing cash resources. Group sales for the first quarter are down on the prior year quarter but in line with expectations. Both TFP and Colourform are showing growth in sales with the Paper division being hit the hardest by the impact of the pandemic. Over the last 175 years, James Cropper has proved resilient in the face of numerous challenges owing to its willingness to invest for the long term combined with the ability to rapidly respond to changes in markets and technologies. The Company has been developing restructuring plans for some time in order to drive growth and competitiveness. The impact of the pandemic has required us to accelerate the implementation of these plans, which affect our Paper and Group operations divisions. Overall less than 10% of our employees will be potentially affected. We will work collaboratively with our employees, unions and representatives to establish how best to achieve these changes and minimise potential job losses. Our focus remains on protecting the long-term future of the Group and emerge from the pandemic as a stronger organisation. Overall, the outlook for the Group remains in line with management expectations. TFP is not expected to be impacted significantly by the pandemic, with year-on-year growth expected in a number of sectors including fuel cell and wind helping to offset the decline in aerospace demand. Colourform still expects sales to grow year-on-year, while Paper will be focusing on structural reorganisation to support accelerated growth and increased competitiveness. I am satisfied that the changes we are making are necessary for the Group's long-term success. For the current year I am confident the Group will perform in line with the Board's expectations and we will deliver a stronger organisation for the years to come. Mark Cropper Chairman Enquiries: James Cropper PLC (AIM: CRPR) Isabelle Maddock, Group Finance Director Jim Aldridge, Company Secretary Tel: +44 (0) 1539 722002 www.jamescropper.com Shore Capital Robert Finlay, Henry Willcocks, John More Tel: + 44 (0) 207 601 6100


Related Businesses
- - Customer

Copyright © 2025 by CreditRiskMonitor.com (Ticker: CRMZ®). All rights reserved.  You are not permitted to use this report or the information contained herein for any purpose not expressly permitted by CreditRiskMonitor.com, Inc. Except as expressly permitted by CreditRiskMonitor.com, Inc., you are not permitted, in whole or in part, to copy, alter, correct, adapt, translate, enhance, lease, sell, sublicense, assign, distribute, publish, otherwise make available to any third party, or prepare derivative works or improvements of this report or any of the information contained therein. You are not permitted to reverse engineer, disassemble, decompile, decode, or adapt the software, algorithms or other processes used to prepare this report, or otherwise attempt to derive or gain access to the source code of same. You agree not to remove, alter, obscure, combine or otherwise change any disclaimers, trademarks, copyrights, other intellectual property rights, proprietary rights, or other symbols, notices, marks, or serial numbers on or relating to any copy of the report or on marketing or other materials that CreditRiskMonitor.com, Inc. may provide to you. You will not use this report in any manner or for any purpose that infringes, misappropriates, or otherwise violates any right of any party, or that violates any applicable law.  
The FRISK® scores, agency ratings, credit limit recommendations and other scores, analysis and commentary are opinions of CreditRiskMonitor.com, Inc. and/or its suppliers, not statements of fact, and should be one of several factors in making credit decisions.  Any reliance you place on the information in this report is strictly at your own risk. Except as expressly provided by CreditRiskMonitor.com, Inc., no warranties or representations of any type, including without limitation of results to be obtained, merchantability or fitness for a particular purpose, are made concerning any part of CreditRiskMonitor.com, Inc.’s service, including without limitation the FRISK® scores.  The information published above has been obtained from sources CreditRiskMonitor considers to be reliable.  CreditRiskMonitor.com, Inc. and its third-party suppliers do not guarantee or validate the accuracy and completeness of the information provided in this report, the underlying information input to create the FRISK® scores, and specifically do not assume responsibility for not reporting any information omitted or withheld.  By using this website, you accept the Terms of Use Agreement
Contact Us: 845.230.3000
Fundamental financial data concerning public companies may be provided by Refinitiv (click for restrictions)
Thursday, July 3, 2025