Chemring Group PLC POST-CLOSE STATEMENT (8730X)
25 11월 2014 - 4:02PM
UK Regulatory
TIDMCHG
RNS Number : 8730X
Chemring Group PLC
25 November 2014
FOR IMMEDIATE RELEASE 25 NOVEMBER 2014
CHEMRING GROUP PLC
POST-CLOSE STATEMENT
Chemring Group PLC ("Chemring" or "the Group") today provides
its scheduled post-close statement in respect of the year ended 31
October 2014.
Trading
The Board's expectations for the Group's trading performance for
the year ended 31 October 2014 remain in line with guidance given
in the Interim Management Statement issued on 17 September
2014.
Revenue from continuing operations in the final quarter was
approximately GBP117 million, and was impacted by delays in the
shipment of product from the Countermeasures facility at Kilgore,
following the incident that occurred in February. For the year to
31 October 2014, revenue was approximately GBP475 million (2013:
GBP624.9 million) and revenue from continuing operations was
approximately GBP403 million (2013: GBP472.3 million).
The Group's order book at 31 October 2014 was approximately
GBP486 million, an increase of GBP68 million since 31 July 2014. As
expected, significant orders from US and Middle East customers have
been received, including an order for the Husky Mounted Detection
Systems ground penetrating radar product for supply into the Middle
East.
Financial position
At 31 October 2014, net debt was approximately GBP136 million
(2013: GBP248.7 million).
The results for the year ended 31 October 2014 are due to be
announced on 22 January 2015.
-ENDS-
For further information:
Michael Flowers Group Chief Executive, Chemring Group PLC 01794 833901
Steve Bowers Group Finance Director, Chemring Group PLC 01794 833901
Rupert Pittman Group Director of Communications and 01794 833901
Investor Relations, Chemring Group PLC
James White MHP Communications 0203 128 8100
Cautionary statement
This announcement contains unaudited information based on
management accounts and forward-looking statements that are based
on current expectations or beliefs, as well as assumptions about
future events. These forward-looking statements can be identified
by the fact that they do not relate only to historical or current
facts. Forward-looking statements often use words such as
anticipate, target, expect, estimate, intend, plan, goal, believe,
will, may, should, would, could, is confident, or other words of
similar meaning. Undue reliance should not be placed on any such
statements because they speak only as at the date of this document
and, by their very nature, they are subject to known and unknown
risks and uncertainties and can be affected by other factors that
could cause actual results, and Chemring's plans and objectives, to
differ materially from those expressed or implied in the
forward-looking statements.
There are a number of factors which could cause actual results
to differ materially from those expressed or implied in
forward-looking statements. Among the factors that could cause
actual results to differ materially from those described in the
forward-looking statements are; increased competition, the loss of
or damage to one or more key customer relationships, changes to
customer ordering patterns, delays in obtaining customer approvals
for engineering or price level changes, the failure of one or more
key suppliers, the outcome of business or industry restructuring,
the outcome of any litigation, changes in economic conditions,
currency fluctuations, changes in interest and tax rates, changes
in raw material or energy market prices, changes in laws,
regulations or regulatory policies, developments in legal or public
policy doctrines, technological developments, the failure to retain
key management, or the key timing and success of future acquisition
opportunities or major investment projects.
Chemring undertakes no obligation to revise or update any
forward-looking statement contained within this announcement,
regardless of whether those statements are affected as a result of
new information, future events or otherwise, save as required by
law and regulations.
Notes to editors
-- Chemring is a global business that specialises in the
manufacture of high technology products and services to the
aerospace, defence and security markets
-- Employing approximately 3,000 people worldwide, and with
production facilities in four countries, Chemring meets the needs
of customers in more than fifty countries worldwide
-- Chemring is now organised under three strategic product
segments: Countermeasures, Sensors & Electronics, and Energetic
Systems
-- Chemring has a diverse portfolio of products that deliver
high reliability solutions to protect people, platforms, mission
and information against constantly changing threats
-- Operating in niche markets and with strong investment in
research and development, Chemring has the agility to rapidly react
to urgent customer needs
www.chemring.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
STRPGGWAGUPCPUC
Chemring (LSE:CHG)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
Chemring (LSE:CHG)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024