AIM-listed adhesive specialist Scapa Group (LON:SCPA) watched its share price shoot upwards by 29.48% to 118.60p (as of 14:00 BST) after reporting that revenues for the three months ended 30th June were well ahead of its COVID scenario plan. Trading has continued to improve in recent weeks and the company moved quickly to implement structural cost controls.
As a consequence, management believe the group’s trading profit is on track to be around 10% higher than market expectations.