Graham Chipchase, Rexam's Chief Executive said:
"The Group's overall performance for the period is in line with our expectations and we are on track for the full year. During the period we continued to make good progress on improving cash, controlling cost and improving return on capital employed. Looking into next year we will have to contend with lower GDP growth in several of our major markets and as previously indicated, some specific challenges as we absorb £20m of higher metal conversion costs in European Beverage Cans and the impact of a key Healthcare product coming off patent. Nevertheless, at this early stage we expect 2012 to be a year of further progress."
