James Cropper Plc (CRPR.L) said on Monday that it is confident of securing significant growth in Adjusted EBITDA profitability in fiscal 2026, in comparison to last year.
Meanwhile, the British papermaking and advanced materials company said it lost a major merchant customer of the Paper & Packaging business, who has stopped sourcing certain coloured paper ranges with immediate effect. There is a 50 percent drop in sales to that customer during the first quarter of the year, the company noted.
On the LSE, the stock is down 4 percent on Monday's trading at 211.60 pence. In its trading update, James Cropper said that the Paper & Packaging business, despite the key customer loss, is trading ahead of both last year's performance and Board expectations.
In the Paper & Packaging division, the company expects a strong improvement in Adjusted EBITDA for fiscal 2026, with the aim of achieving run-rate breakeven in the final quarter.
According to the company, the good performance of the Paper & Packaging business is due to gains from other customers and efficiency gains resulting from a revised operating strategy.
Further, the Advanced Materials division reported around 10 percent revenue growth in the first quarter of 2026, compared to the same period a year ago.
The company added that Advanced Materials division continues to expect single-digit revenue growth for the full year, with the ongoing investments in operations expected to support growth beyond fiscal 2026.
James Cropper plans to publish fiscal 2025 results later this month.
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