AGM Statement

RNS Number : 4935V

Chamberlin PLC

24 July 2018

 

AIM: CMH

24 July 2018

 

 

CHAMBERLIN plc

("Chamberlin", the "Company" or the "Group")

AGM Statement

 

Chamberlin, the specialist castings and engineering group, will be holding its Annual General Meeting today, and Keith Butler-Wheelhouse, Chairman, will provide the following update on current trading:

"Group revenues for the first three months of the current financial year are in line with management expectations. Demand at the Walsall foundry continues to be strong, driving increased production volumes. However, this level of output is currently causing excess cost and production inefficiency, which are being firmly addressed by a strengthened management team.

"Profitability will be weighted towards the second half of the financial year, and the Company reaffirms current market estimates for the full year."

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.

Enquiries

Chamberlin plc (www.chamberlin.co.uk) Kevin Nolan, Chief Executive David Roberts, Finance Director		T: 01922 707100
Smith & Williamson Corporate Finance Limited (Nominated Adviser and Broker) Russell Cook, Katy Birkin		T: 020 7131 4000
KTZ Communications (Financial PR) Katie Tzouliadis, Emma Pearson		T: 020 3178 6378

 

END

 

 

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