Trading Update

RNS Number : 7531T
Carclo plc
04 October 2010
 



4 October 2010

 

Carclo plc

("Carclo" or "the Group")

 

Half Year Trading Update

 

The Group continues to trade in line with the Board's expectations for the full year and the results for the period to 30 September 2010 will reflect an encouraging start to the year.

 

The benefit of higher sales across all our Technical Plastics businesses will more than offset the effect of some delays in supercar lighting programmes entering production at Wipac. This will accentuate the Group's trading pattern with a greater proportion of operating profits to be generated in the second half of the year.

 

Progress at Conductive Inkjet Technology ("CIT") continues to be positive. The production line for the Fine Line Technology touch sensor project with Atmel has been installed in Cambridge and this triggers the second staged payment from Atmel for preferential access to CIT's production facility.

 

Our businesses are performing well, the Group's financial position is strong and the Board remains confident in the outlook for the full year. The Group will announce its interim results for the period to 30 September 2010 on 23 November 2010.

 

- ENDS -

 

Enquiries:




Carclo plc

01924 268040

Ian Williamson, Chief Executive


Robert Brooksbank, Finance Director




Weber Shandwick Financial

020 7067 0700

Nick Oborne / Stephanie Badjonat / Clare Thomas


 

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.

 

·      Two thirds of sales are derived from the supply of fine tolerance, injection moulded plastic components, which are used in medical, optical and electronics products. This business, Carclo Technical Plastics, operates internationally in a fast growing and dynamic market underpinned by rapid technological development.

 

·      One third of sales are derived from the supply of specialised precision products to the premium automotive and aerospace industries.

 

·      Carclo's strategy is to develop new technologies and products to drive future growth.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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