FOR IMMEDIATE RELEASE 25 APRIL 2007
CHEMRING GROUP PLC
TRADING UPDATE
Chemring Group PLC ("Chemring" or "the Group") today provides an update on
trading before entering its close period in respect of its half year results to
30 April 2007, which are expected to be announced on 26 June 2007.
Trading
The Group has performed well in the first half of the year with trading in line
with the Board's expectations. The Group's order book continues to grow and the
Board remains confident that the prospects for 2007 continue to look promising.
New Acquisitions
The Group announced the acquisition of Simmel Difesa S.p.A. on 30 March 2007
for an enterprise value of €72 million (£49 million). This acquisition supports
the Group strategy for the development of its Energetics business in both the
munition and explosive ordnance disposal markets. In its first month within the
Group, the performance of Simmel has been encouraging, and the acquisition is
expected to enhance Chemring's earnings in the first full financial year
post-completion.*
* This statement should not be taken to mean that the earnings per share of
Chemring will necessarily match or exceed the historical reported earnings per
share of Chemring and no forecast is intended or implied.
For further information:
Dr David Price Chief Executive, Chemring Group PLC 01489 881880
Paul Rayner Finance Director, Chemring Group PLC 01489 881880
Rupert Pittman Cardew Group 0207 930 0777
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.