CLOSE PERIOD TRADING UPDATE

RNS Number : 4239C

Chemring Group PLC

01 May 2012

 



FOR IMMEDIATE RELEASE                                                                                           1 MAY 2012

CHEMRING GROUP PLC

CLOSE PERIOD TRADING UPDATE

Chemring Group PLC ("Chemring" or "the Group") today provides an update on trading as it enters the close period in respect of its interim results for the half year ended 30 April 2012.

The Group is pleased to confirm that all five orders identified as key to 2012, and listed in the full year results presentation in January 2012, have now been received. Detailed announcements on the NIITEK and Chemring Countermeasures contracts will be issued separately. The other three contracts were awarded earlier in the half.

Since the publication of the Interim Management Statement on 1 March 2012, there have been no significant changes to the Group's trading or outlook. Accordingly, the Board's expectations for the full year remain unchanged.

The interim results for the half year to 30 April 2012 are expected to be announced on Tuesday 19 June 2012.

For further information:

Dr David Price	Chief Executive, Chemring Group PLC	01489 881880
Paul Rayner	Finance Director, Chemring Group PLC	01489 881880
Rupert Pittman	Director of Communications and Investor Relations, Chemring Group PLC	01489 881880
Anthony Cardew/ Emma Crawshaw	Cardew Group	020 7930 0777

Notes to Editors:

• Chemring is a manufacturing business with facilities in eight countries selling high technology electronics and energetic products to over eighty countries worldwide.

• The Group has a diverse portfolio of products protecting military people and platforms against a constantly changing threat.

• Operating in high margin, niche markets with short product development timescales, Chemring has the agility to rapidly react to urgent customer needs.

• Chemring adopts a balanced strategy of organic growth and small bolt-on acquisitions, and maintains balanced geographic and market profiles, with a growing presence in non-NATO countries.

• Strong R&D investment for new products and improvements in technology continually allows Chemring to expand its addressable markets.

www.chemring.co.uk

Cautionary Statement:

This announcement contains 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.

 

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