Trading Update
Cookson Group PLC
05 July 2007
5 July 2007
TRADING UPDATE - RECENT TRADING IN LINE WITH EXPECTATIONS
Cookson Group plc ('Cookson'), a leading materials science company, is issuing
this trading update ahead of its interim results for 2007.
Trading results for the first five months of the year are in line with our
previous expectations as noted in the AGM trading statement issued on 24 May
2007. Based on current market conditions and trading results year to date, we
continue to expect a significant improvement in the performance of our
continuing operations overall in 2007 on a constant currency basis.
Cookson expects to announce interim results for the six months ended 30 June
2007 on 2 August 2007.
- Ends -
For further information please contact:
Shareholder/analyst enquiries:
Nick Salmon, Chief Executive Cookson Group plc
Mike Butterworth, Group Finance Director Tel: + 44 (0)20 7822 0000
Anna Hartropp, Investor Relations Manager
Media enquiries:
John Olsen Hogarth Partnership
Tel: +44 (0)20 7357 9477
About Cookson Group plc
Cookson Group plc is a leading materials science company operating on a
worldwide basis in Ceramics, Electronics and Precious Metals markets.
The Ceramics division is the world leader in the supply of advanced flow control
refractory products and systems to the global steel industry and a leading
supplier of specialist ceramics products to the glass, solar and foundry
industries. It is also the regional leader in the US, UK and Australia in the
supply and installation of monolithic refractory linings.
The Electronics division is a leading supplier of advanced surface treatment and
plating chemicals and assembly materials to the automotive, industrial,
construction and electronics markets.
The Precious Metals division is the leading supplier of fabricated precious
metals (primarily gold, silver and platinum) to the jewellery industry in the
US, the UK, France and Spain. Products include alloy materials, semi-finished
jewellery components and finished jewellery.
Forward Looking Statements
This announcement contains certain forward looking statements which may include
reference to one or more of the following: the Group's financial condition,
results of operations, cash flows, dividends, financing plans, business
strategies, operating efficiencies or synergies, budgets, capital and other
expenditures, competitive positions, growth opportunities for existing products,
plans and objectives of management and other matters.
Statements in this document that are not historical facts are hereby identified
as 'forward looking statements'. Such forward looking statements, including,
without limitation, those relating to the future business prospects, revenue,
working capital, liquidity, capital needs, interest costs and income, in each
case relating to Cookson, wherever they occur in this document, are necessarily
based on assumptions reflecting the views of Cookson and involve a number of
known and unknown risks, uncertainties and other factors that could cause actual
results, performance or achievements to differ materially from those expressed
or implied by the forward looking statements. Such forward looking statements
should, therefore, be considered in light of various important factors.
Important factors that could cause actual results to differ materially from
estimates or projections contained in the forward looking statements include
without limitation: economic and business cycles; the terms and conditions of
Cookson's financing arrangements; foreign currency rate fluctuations;
competition in Cookson's principal markets; acquisitions or disposals of
businesses or assets; and trends in Cookson's principal industries.
The foregoing list of important factors is not exhaustive. When relying on
forward looking statements, careful consideration should be given to the
foregoing factors and other uncertainties and events, as well as factors
described in documents the Company files with the UK regulator from time to time
including its annual reports and accounts.
Such forward looking statements speak only as of the date on which they are
made. Except as required by the Rules of the UK Listing Authority and the London
Stock Exchange and applicable law, Cookson undertakes no obligation to update
publicly or revise any forward looking statements, whether as a result of new
information, future events or otherwise. In light of these risks, uncertainties
and assumptions, the forward looking events discussed in this announcement might
not occur.
Cookson Group plc, 165 Fleet Street, London EC4A 2AE
Registered in England and Wales No. 251977
www.cooksongroup.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange