Carclo plc
04 April 2006
For immediate release 4th April 2006
Carclo plc
('Carclo')
Trading Update
This has been a transitional year for Carclo, with the disposal of Card Clothing
in the early part of the financial year and the increased focus on Technical
Plastics and new technologies. The Board anticipates that trading for the year
ended 31st March 2006 will be in line with its expectations.
As expected, Carclo Technical Plastics had a much improved second half. We are
now benefiting from growth in our medical business and from continuing expansion
in low cost regions, especially China. The resulting improvement in margins has
established an excellent base for further progress in the new financial year.
Carclo Precision Products has also performed well - holding operating margins on
sales slightly below the prior year.
We have made excellent progress with our investments in new technology. In
particular, progress at Conductive Inkjet Technology (CIT) has been very good
and the company is now established in a new facility in Cambridge. The MetalJet
6000 - our high speed web printing line - will be released for sale by our US
partner in April and a number of promising applications are being pursued. CIT
is engaged with major global players in the emerging RFID market and initial
test results of CIT printed RFID antenna are very encouraging. We are confident
of further technical and commercial progress over the coming year.
- Ends -
Enquiries:
Carclo plc 01924 268040
Robert Brooksbank, Finance Director
Weber Shandwick Square Mile 020 7067 0700
Richard Hews
James White
Notes to editors
• Carclo plc is a global supplier of technical plastic components. It is a
public company whose shares are quoted on the London Stock Exchange.
• 65% of sales are derived from the supply of fine tolerance, injection
moulded plastic components, which are used in medical, automotive, telecom and
electronics products. This business, Carclo Technical Plastics, operates
internationally in a fast growing and dynamic market underpinned by rapid
technological development.
• 35% of sales are derived from the supply of manufactured systems to the
automotive and aerospace industries.
• Carclo's strategy is to grow rapidly in low cost manufacturing regions and to
develop new technologies and products to underpin future growth.
This information is provided by RNS
The company news service from the London Stock Exchange
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