Trading Update

RNS Number : 4405B

Chamberlin PLC

17 April 2012

 



AIM: CMH

CHAMBERLIN PLC

("Chamberlin" or "the Group")

Trading Update

Chamberlin, the specialist castings and engineering group, is pleased to provide the following update on trading for the year ended 31 March 2012.

The Group has made good progress over the year.  Revenues and profit before tax are both anticipated to be in line with market expectations, reflecting the strongest performance by Chamberlin for five years.  The Group continues to generate good cash flows and a significant further reduction in net debt is expected to be reported at the year end.

The results show the benefits of improving demand from existing customers, new business wins and operational improvements all of which are expected to continue in the coming year.   In addition, in the engineering division, the assets acquired from a manufacturer of door closers in February 2011 have been fully integrated into the Group's Exidor business and delivered a strong first full year contribution.

The Board remains encouraged by the ongoing improvement in Chamberlin's performance and looks forward to providing a further update on trading with the results, which will be announced on Tuesday, 22 May 2012.

Enquiries:

Chamberlin plc		T: 01922 707100
Tim Hair, Chief Executive
Mark Bache, Finance Director
Charles Stanley Securities (Nominated Adviser)		T: 020 7149 6000
Russell Cook
Luke Webster
Biddicks		T: 020 3178 6378
Katie Tzouliadis
Sophie McNulty

 

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