Irish plastics group Barlo said today it expects further growth in revenues and profits this year but at lower levels than in recent years.
Results for the year to March 31st showed operating profit up 26 per cent to euro 25.7 million on turnover - ahead by 18 per cent to euro 274.6 million.
The group said the integration of recent plastics' acquisitions, including Athlone Extrusions and Barlo Plastics Slovakia, is progressing well.
But the group's radiator markets remain difficult and the "very demanding environment" is set to continue, the board said.
Barlo chief executive Mr Tony Mullins said the positive impact from the investment made in acquisitions during the year will be more strongly reflected over coming years.
But Mr Mullins said the group will be impacted by any slowdown in Europe, and "the ability to repeat the very high profit growth levels of recent years will be affected by any sustained slowdown".
Barlo shares fell 8 cents or 8.3 per cent to euro 0.88 on the Dublin market this morning.
