Rexam on track for another good year

Highlights * Strong performance from Beverage Cans, with underlying operating profit improving 8% to £143m * Consumer Packaging margins increase to 12.6% * Strong free cash flow at £37m, ahead of first half 2004 by £32m * David Robbie announced as Group Finance Director in succession to Graham Chipchase Rolf Börjesson, Rexam’s Chairman, commented: “Rexam had a good first six months of 2005, with both sales and profits advancing. We continue to reap the benefits of our focus on cost and efficiency. Margins improved and cash generation was substantially ahead of the same period last year. The second half has started positively and we are on track for another good year in 2005.” Click here to read the [url="http://www.rexam.com/index.asp?PageID=581&Year=2005&NewsID=300"] full report [/url].