Chemring Group PLC AGM Statement (8420H)
19 3월 2015 - 4:01PM
UK Regulatory
TIDMCHG
RNS Number : 8420H
Chemring Group PLC
19 March 2015
FOR IMMEDIATE RELEASE 19 MARCH 2015
CHEMRING GROUP PLC
ANNUAL GENERAL MEETING TRADING UPDATE
Chemring Group PLC ("Chemring" or "the Group") today issues an
update on current trading and outlook, ahead of the Group's Annual
General Meeting taking place later today.
Current trading
Revenue during the three-month period to 31 January 2015 was
GBP61.5 million, compared with GBP92.8 million in the same period
last year. This was principally due to delays in order intake in
the Sensors & Electronics segment, and the conclusion of Husky
Mounted Detection System deliveries in 2014.
Encouragingly, order intake was 28.0% higher than the
comparative period, and included an increased penetration of
non-NATO markets. The order book at 31 January 2015 was GBP530.2
million (2014: GBP447.7 million), of which 52.4% is due for
delivery in the current financial year. The Group continues to
expect to receive a number of Sensors & Electronics contracts
from Middle East customers for delivery in the current financial
year.
Current financial position
Net debt at 31 January 2015 was GBP162.1 million (31 January
2014: GBP253.8 million, 31 October 2014: GBP135.6 million). GBP10.0
million of the increase since 31 October 2014 arose on the
translation of US dollar-denominated debt.
Outlook
Chemring's focus on operational performance across all its
manufacturing businesses will continue to deliver efficiency
improvements. The Board's expectations for the full year remain
unchanged, though delays to order intake in the early part of the
financial year for the Sensors & Electronics segment have led
to an increased weighting towards the second half.
-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
AGMUWSWRVUAOAAR
Chemring (LSE:CHG)
과거 데이터 주식 차트
부터 9월(9) 2024 으로 10월(10) 2024
Chemring (LSE:CHG)
과거 데이터 주식 차트
부터 10월(10) 2023 으로 10월(10) 2024