Laird Share News (LRD)

Laird Information

There is currently no data for LRD

Laird posts increase in third quarter revenue as it announce restructuring plans

Thu, 29th Oct 2015 08:52

(ShareCast News) - Technology group Laird unveiled plans to restructure its operating model, while its sterling-denominated revenue rose in the third quarter.In the three months to 30 September, the FTSE 250 group said revenue in sterling grew 7% year-on-year to £160m, while revenue in dollars declined 1% to $248m, although on an organic basis in constant currency, dollar-denominated revenue rose 1% year-on-year.In the three quarters to the end of September, revenue rose 16% to £466m and revenue in dollar climbed 8% year-on-year at constant currency rate.Revenue in the group's performance materials division was flat at £101m, while dollar-denominated revenue for the segment declined 7% year-on-year to $157m and fell 5% on a constant currency basis.The group attributed the decline in revenue to ongoing weakness in the telecoms market in the third quarter and the timing of smartphone launches.The wireless systems division fared better, with third quarter revenue growing 21% year-on-year to £59m, while dollar-denominated revenue grew 14% on a constant currency basis.Meanwhile, Laird outlined plans to redesign its operating model, as it aims to simplify its manufacturing capabilities in North America and Europe over the next 18 months."We will align and consolidate our regional design, engineering, sales and distribution activities closer to our customers to drive innovation and further improve time to market," the company said, adding it does not expect the change to translate into a significant staff reduction.In a separate statement, the London-listed confirmed it had appointed Nathalie Rachou as non-executive director from 1 January next year.Rachou, who holds the same position at Société Générale, will become a member of the audit committee."Nathalie's appointment further strengthens the diversity of thought and business experience on the board," said group chairman Martin Read.Laird shares were down 1.11% to 346.10p at 0906 GMT on Thursday.

More News

10 May 2018 11:48

Laird Disposes Of Korean Prototyping Business To Hankook Tire

LONDON (Alliance News) - Electronics firm Laird PLC on Thursday said it has sold its 51% holding in its South Korean prototyping business to Hankook Tire Co Ltd for USD43.6 million.The sold

27 Apr 2018 08:16

Laird First Quarter Revenue Grows As Takeover By Advent Progresses

LONDON (Alliance News) - Laird PLC said Friday that first quarter revenue grew 8% on an organic basis with growth across all divisions, as its GBP1.00 billion takeover by Advent International Corp

20 Apr 2018 15:00

UK Shareholder Meetings Calendar - Next 7 Days

Monday 23 AprilForeign & Colonial Investment Trust BioquellMicrogenHgCapital

23 Mar 2018 10:23

Engineer Babcock Appoints Two New Non-Executive Directors

LONDON (Alliance News) - Engineering company Babcock International Group PLC said Friday that it has appointed Kjersti Wiklund and Lucy Dimes as independent non-executive am a

7 Mar 2018 14:02

Advent to seek buyer for conveyor belt firm Ammeraal Beltech -sources

By Dasha Afanasieva and Clara Denina LONDON, March 7 (Reuters) - Private equity firm Advent has hired Goldman Sachs and Rothschild to sell Dutch conveyor belt company a

1 Mar 2018 08:16

UPDATE 1-Advent Intl to buy UK tech firm Laird in $1.65 bln deal

LONDON, March 1 (Reuters) - Private equity firm Advent International has agreed to buy British electronics and technology business Laird, the firms said on Thursday, valuing a

1 Mar 2018 07:23

Advent International agrees $1.4 bln takeover of Laird

LONDON, March 1 (Reuters) - Private equity firm Advent International has agreed to buy British electronics and technology business Laird, the firms said on Thursday, valuing 1

13 Feb 2017 07:59

Laird said to consider sale of precision metals division

(ShareCast News) - Laird is said to be considering the sale of one of its major divisions as it struggles to turn its business around. According to The Telegraph, the FTSE 250 electronics component maker, whose shares have fallen sharply since its profit warning in October and rights issue in Decemb

24 Jan 2017 10:32

Laird reiterates full-year expectations, on track for rights issue

(ShareCast News) - Laird, whose shares tumbled back in October after a profit warning, reiterated its full-year expectations on Tuesday as it said it was on track to announce a proposed rights issue to raise up to £185m to shore up its balance sheet. The technology company said trading for the ye

11 Jan 2017 13:58

UPDATE 3-British aerospace company Cobham misses profit target, scraps dividend

* Early readout puts trading profit at 245 mln stg * Group's already lowered target range was 255-275 mln stg * Scraps dividend after poor result on profit and debt * Shares fall as much as 21 pct (Adds CEO, CFO comments from analyst call) By Paul Sandle LONDON, Ja

2 Dec 2016 08:39

LONDON MARKET OPEN: Laird And Oil Producers Down; Housebuilders Up

2 Dec 2016 08:03

Laird to raise £185m through a rights issue, scraps final dividend

(ShareCast News) - Electronics company Laird is to raise £185m through a rights issue and scrap its final dividend in a bid to strengthen its financial position. Through the rights issue, the company will offer shares to existing shareholders in proportion to their existing holdings in the first qua

25 Oct 2016 16:23

Anglo American leads Britain's FTSE higher, Whitbread slides

* FTSE 100 index up 0.5 pct at close * Anglo American leads market higher * Whitbread falls after update * Broker downgrades weigh on midcaps (Adds detail and quote, updates prices at close) By Kit Rees and Atul Prakash LONDON, Oct 25 (Reuters) - Britain's top shar

25 Oct 2016 15:12

GRAPHIC-Downgrades, profit warnings ring Brexit alarms for UK mid-caps

* FTSE 250 vs FTSE 100: http://reut.rs/2eCvwk9 * Profit warnings spark broker downgrades * Earnings disappointments lead to outsized moves * Senior, Cobham, Laird among midcaps warning on profits By Kit Rees LONDON, Oct 25 (Reuters) - A spate of profit warnings among

25 Oct 2016 10:10

Tuesday broker round-up

(ShareCast News) - Segro: Barclays keeps at overweight with a target price of 520p. Howden Joinery: Berenberg downgrades to hold, 450p target. Standard Chartered: Deutsche Bank reiterates sell with a 574p target. Cobham: UBS reiterates neutral with a 160p target. Cobham: Barclays reiterates equal

Latest Share Chat

Laird Share News (LRD)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Laird posts increase in third quarter revenue as it announce restructuring plans

Login to your account

Quickpicks are a member only feature

Login to your account