Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCarclo Regulatory News (CAR)

Share Price Information for Carclo (CAR)

Share Price is delayed by 15 minutes
Get Live Data
36.00    -0.70 (-1.91%)
Bid:
36.00
Ask:
37.40
Spread: 1.40 (3.889%)
Market Cap: £26.43m
CAR Live PriceLast checked at - London Stock Exchange

Intraday Carclo Share Chart

Interim Management Statement

9 Feb 2011 07:00

RNS Number : 8989A
Carclo plc
09 February 2011
 



9 February 2011

 

Carclo plc

("Carclo" or "the Group")

 

Interim Management Statement

 

The Group continues to trade broadly in line with the board's expectations for the full year and our financial position remains strong.

 

In the Technical Plastics division operating profits for the full year are expected to be more than 10% up on the prior year. Growth in our medical and LED optics businesses continues to be good, although in recent weeks we have seen some order cancellations in optics and some evidence of inventory management by our global teletronic customers. We anticipate that these are temporary issues and the division is set to enjoy a solid last quarter. Technical Plastics is expected to make further progress in profitability in the next financial year as a result of continued growth in its medical and optical businesses.

 

In the Precision Products division trading in the Group's aerospace business is stable and ahead of the prior year. Wipac is having a stronger second half benefiting from the ramp up in production on a number of supercar lighting programmes. Production efficiency continues to improve and Wipac is expected to deliver a significant boost to profitability in the next financial year. In recent weeks Wipac has won design nominations on two new supercar lighting programmes. The profit on these contracts will mainly be recognised in the next financial year and tooling profits in the current year will be slightly lower than planned.

 

Conductive Inkjet Technology ("CIT") has made further significant progress especially with its fine line technology. The Cambridge facility development for the touch screen production line is nearing completion and the pilot line upgrade to integrate our Gen 3 chemistry is on target. We expect volume production to start during the second half of the 2011 calendar year. The revenues that CIT will generate from its agreement with Atmel Corporation on touch screens are expected to be substantial and material in the context of Carclo's prospective revenue and profit growth.

 

- ENDS -

 

Enquiries:

Carclo plc

01924 268040

Ian Williamson, Chief Executive

Robert Brooksbank, Finance Director

Weber Shandwick Financial

020 7067 0700

Nick Oborne / Stephanie Badjonat / Clare Thomas

 

Notes to editors

 

·; Carclo plc is a global supplier of technical plastic components. It is a public company whose shares are quoted on the London Stock Exchange.

 

·; Two thirds of sales are derived from the supply of fine tolerance, injection moulded plastic components, which are used in medical, optical and electronics products. This business, Carclo Technical Plastics, operates internationally in a fast growing and dynamic market underpinned by rapid technological development.

 

·; One third of sales are derived from the supply of specialised precision products to the premium automotive and aerospace industries.

 

·; Carclo's strategy is to develop new technologies and products to drive future growth.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IMSUGUCUPUPGGMR
Date   Source Headline
29th Jul 20113:12 pmRNSTotal Voting Rights
20th Jul 20112:06 pmRNSPerformance Share Plan
8th Jul 20114:03 pmRNSIssue of Equity
8th Jul 20113:57 pmRNSBlocklisting Interim Review
7th Jul 20112:13 pmRNSHolding(s) in Company
7th Jul 20112:11 pmRNSHolding(s) in Company
29th Jun 20111:50 pmRNSDirector/PDMR Shareholding
7th Jun 20117:00 amRNSFinal Results
7th Apr 20117:00 amRNSPre-close Trading Statement
28th Mar 20112:28 pmRNSHolding(s) in Company
9th Feb 20117:00 amRNSInterim Management Statement
28th Jan 201111:46 amRNSHolding(s) in Company
18th Jan 201111:02 amRNSHolding(s) in Company
17th Jan 20114:06 pmRNSHolding(s) in Company
13th Jan 20114:14 pmRNSHolding(s) in Company
16th Dec 20104:40 pmRNSSecond Price Monitoring Extn
16th Dec 20104:35 pmRNSPrice Monitoring Extension
7th Dec 20103:06 pmRNSDirector/PDMR Shareholding
23rd Nov 20107:00 amRNSHalf Yearly Report
10th Nov 20101:45 pmRNSHolding(s) in Company
8th Nov 20102:12 pmRNSHolding(s) in Company
3rd Nov 20101:58 pmRNSHolding(s) in Company
29th Oct 20104:40 pmRNSSecond Price Monitoring Extn
29th Oct 20104:35 pmRNSPrice Monitoring Extension
29th Oct 201012:07 pmRNSHolding(s) in Company
21st Oct 20104:40 pmRNSSecond Price Monitoring Extn
21st Oct 20104:40 pmRNSSecond Price Monitoring Extn
21st Oct 20104:35 pmRNSPrice Monitoring Extension
21st Oct 20104:35 pmRNSPrice Monitoring Extension
4th Oct 20107:00 amRNSTrading Update
30th Sep 20109:40 amRNSTotal Voting Rights
8th Sep 20107:30 amRNSPerformance Share Plan
3rd Sep 20107:00 amRNSResult of AGM
26th Aug 20104:40 pmRNSSecond Price Monitoring Extn
26th Aug 20104:35 pmRNSPrice Monitoring Extension
18th Aug 20103:26 pmRNSBlock listing application
16th Aug 20107:00 amRNSInterim Management Statement
30th Jul 20108:15 amRNSTotal Voting Rights
30th Jul 20108:00 amRNSIssue of Equity
12th Jul 201011:55 amRNSPerformance Share Plan
12th Jul 201011:45 amRNSHolding(s) in Company
12th Jul 201011:35 amRNSHolding(s) in Company
5th Jul 201011:29 amRNSDirector/PDMR Shareholding
2nd Jul 20103:17 pmRNSTotal Voting Rights
2nd Jul 20103:12 pmRNSHolding(s) in Company
1st Jul 20109:19 amRNSIssue of Equity
25th Jun 201011:45 amRNSHolding(s) in Company
23rd Jun 20103:11 pmRNSHolding(s) in Company
15th Jun 201011:07 amRNSDirector/PDMR Shareholding
10th Jun 20109:25 amRNSDirector/PDMR Shareholding

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.