Robinson sees FY revenues down 5.6%

Robinson Plc said its revenues are anticipated to be £27.5m for the year, which represents an overall 5.6% decrease on last year.

"The primary reasons for this are the previously reported lost business and lower demand for certain categories of branded goods," the company said.

"New business that had been planned for the second half of 2016 has been delayed but will benefit 2017.

"The movement in average exchange rates has added £0.8m to reported Group revenues in 2016. The directors anticipate trading profits for 2016 will be slightly below market expectations, as a consequence of the fall in sales.

"In 2017 with significant new business already confirmed plus the full year impact of recently commenced new business from 2016, the directors expect to deliver revenue and earnings growth."

On 9th January 2017, the Chesterfield Borough Council Planning Committee approved outline plans to develop the surplus 15 acre Boythorpe Works and 8 acre Walton Works sites in Chesterfield for residential and retail/commercial uses.

"This will allow the Company to work with partners to find prospective tenants, develop detailed plans and sell the sites," said Robinson.