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Read Arden Partners's note on SCAPA GROUP PLC (SCPA), out this morning on Research Tree: "Finals reflected good underlying progress across both the Healthcare and Industrial divisions as well as a full year contribution from First Water, which was acquired in February 2015. Revenues increased 4.5% to £246.7m, (+4.1% constant FX) and with the trading margin improving from 7.9% to 8.6%, trading profits grew 14.5% to £21.3m (+14.5% constant FX). Adjusted PBT (excluding pension costs and exceptionals) was up 15.1% to £20.6m and adjusted EPS grew 16.5% to 10.6p, helped by a slight reduction in the tax rate..."
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