Trading Update
25 4월 2007 - 4:01PM
UK Regulatory
FOR IMMEDIATE RELEASE 25 APRIL 2007
CHEMRING GROUP PLC
TRADING UPDATE
Chemring Group PLC ("Chemring" or "the Group") today provides an update on
trading before entering its close period in respect of its half year results to
30 April 2007, which are expected to be announced on 26 June 2007.
Trading
The Group has performed well in the first half of the year with trading in line
with the Board's expectations. The Group's order book continues to grow and the
Board remains confident that the prospects for 2007 continue to look promising.
New Acquisitions
The Group announced the acquisition of Simmel Difesa S.p.A. on 30 March 2007
for an enterprise value of Euro72 million (�49 million). This acquisition supports
the Group strategy for the development of its Energetics business in both the
munition and explosive ordnance disposal markets. In its first month within the
Group, the performance of Simmel has been encouraging, and the acquisition is
expected to enhance Chemring's earnings in the first full financial year
post-completion.*
* This statement should not be taken to mean that the earnings per share of
Chemring will necessarily match or exceed the historical reported earnings per
share of Chemring and no forecast is intended or implied.
For further information:
Dr David Price Chief Executive, Chemring Group PLC 01489 881880
Paul Rayner Finance Director, Chemring Group PLC 01489 881880
Rupert Pittman Cardew Group 0207 930 0777
END
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