Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCarclo Regulatory News (CAR)

Share Price Information for Carclo (CAR)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 14.75
Bid: 14.10
Ask: 15.50
Change: 0.00 (0.00%)
Spread: 1.40 (9.929%)
Open: 14.75
High: 0.00
Low: 0.00
Prev. Close: 14.75
CAR Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Pre-close Trading Statement

7 Apr 2011 07:00

RNS Number : 4567E
Carclo plc
07 April 2011
 



7 April 2011

 

Carclo plc

("Carclo" or "the Group")

 

Pre-close Trading Statement

 

The group has traded in line with the board's expectations for the financial year ended 31 March 2011.

 

Technical Plastics has enjoyed a good last quarter and operating profits for the full year are more than 10% ahead of the prior year. We expect further progress in the new financial year driven by growth in our medical diagnostics and LED optics businesses.

 

In Precision Products, as expected Wipac has delivered a much stronger second half trading performance. The business has benefited from the production ramp up on several of its supercar lighting programmes which together with recent new lighting contract wins will drive significant growth in the new financial year. The group's aerospace businesses have had a solid year with profitability ahead of the prior year.

 

Conductive Inkjet Technology ("CIT") continues to make significant progress towards commercialisation, most notably on its fine line technology project with Atmel Corporation. The final components of the Gen 3 upgrade are being installed on the pilot line in Cambridge this week. We are confident that the facility will be production ready by June with the first volume production to commence later this year.

 

Reported profit before tax will be enhanced modestly by a pensions credit resulting from the group's pension liability management programme. Group debt will be slightly higher than originally expected at the financial year end. This is mainly due to the increased level of investment in CIT during the second half in order to drive the fine line project forward and the growth in Wipac's supercar lighting business. The group's financial position remains strong.

 

Carclo will announce its preliminary results for the financial year ended 31 March 2011 on 7 June 2011.

 

- ENDS -

 

Enquiries:

Carclo plc

01924 268040

Ian Williamson, Chief Executive

Robert Brooksbank, Finance Director

Weber Shandwick Financial

020 7067 0700

Nick Oborne / Stephanie Badjonat

 

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
 
 
TSTDMGGDVVMGMZM
Date   Source Headline
26th Mar 201912:02 pmRNSPrice Monitoring Extension
26th Feb 20197:00 amRNSHolding(s) in Company
22nd Feb 201910:52 amRNSHolding(s) in Company
19th Feb 20199:39 amRNSAppointment of Chief Operating Officer
19th Feb 20199:16 amRNSHolding(s) in Company
7th Feb 20193:32 pmRNSHolding(s) in Company
6th Feb 20195:57 pmRNSHolding(s) in Company
6th Feb 20191:57 pmRNSHolding(s) in Company
6th Feb 20191:56 pmRNSHolding(s) in Company
6th Feb 201911:51 amRNSHolding(s) in Company
6th Feb 201911:51 amRNSDirector/PDMR Shareholding
31st Jan 201911:12 amRNSHolding(s) in Company
16th Jan 201912:37 pmRNSHolding(s) in Company
16th Jan 201911:43 amRNSHolding(s) in Company
11th Jan 20197:00 amRNSTrading Statement
21st Nov 20182:49 pmRNSHolding(s) in Company
13th Nov 20187:00 amRNSHalf-year Report
12th Oct 20187:00 amRNSTrading Update
29th Aug 20185:08 pmRNSHolding(s) in Company
13th Aug 201811:39 amRNSDirector/PDMR Shareholding
9th Aug 20188:08 amRNSForm 8.3 - [Carclo plc]
9th Aug 20187:24 amRNSForm 8.5 (EPT/RI) Consort Medical Plc
9th Aug 20187:20 amRNSForm 8.5 (EPT/RI) - Carclo Plc
8th Aug 20188:46 amRNSForm 8.3 - [Carclo plc]
7th Aug 20181:46 pmRNSHolding(s) in Company
7th Aug 201812:00 pmRNSForm 8.5 (EPT/RI) - Carclo Plc
7th Aug 201812:00 pmRNSForm 8.5 (EPT/RI) Consort Medical Plc
7th Aug 201810:36 amRNSForm 8.3 - [Carclo plc]
7th Aug 20189:43 amRNSStatement re withdrawal of Consort Medical plc
7th Aug 20188:23 amRNSConsort Medical No Intention to Bid for Carclo plc
3rd Aug 201812:00 pmRNSForm 8.5 (EPT/RI) Consort Medical Plc
3rd Aug 201812:00 pmRNSForm 8.5 (EPT/RI) - Carclo Plc
2nd Aug 201812:00 pmRNSForm 8.5 (EPT/RI) Consort Medical Plc
2nd Aug 201812:00 pmRNSForm 8.5 (EPT/RI) - Carclo Plc
1st Aug 20182:52 pmRNSDirector/PDMR Shareholding
1st Aug 201812:00 pmRNSForm 8.5 (EPT/RI) Consort Medical Plc
1st Aug 201812:00 pmRNSForm 8.5 (EPT/RI) - Carclo Plc
1st Aug 20189:47 amRNSForm 8 (DD) - Carclo
1st Aug 20189:41 amRNSForm 8 (DD) - Carclo
1st Aug 20189:38 amRNSPerformance Share Plan
1st Aug 20188:19 amRNSForm 8.3 - [Carclo plc]
31st Jul 201812:00 pmRNSForm 8.5 (EPT/RI) Consort Medical Plc
31st Jul 201812:00 pmRNSForm 8.5 (EPT/RI) - Carclo Plc
31st Jul 201811:01 amRNSForm 8 (DD) - Carclo
31st Jul 201810:54 amRNSDirector/PDMR Shareholding
31st Jul 20189:27 amRNSForm 8.3 - [Carclo plc]
30th Jul 20181:49 pmRNSForm 8.3 - [Carclo plc]
30th Jul 201812:00 pmRNSForm 8.5 (EPT/RI) - Carclo Plc
30th Jul 201811:48 amRNSForm 8 (DD) - Carclo
27th Jul 20182:38 pmRNSForm 8.3 - [Carclo plc]

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.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.