Last checked at 24 Jul 2018 07:00
AIM: CMH
24 July 2018
CHAMBERLIN plc
("Chamberlin", the "Company" or the "Group")
AGM Statement
Chamberlin, the specialist castings and engineering group, will be holding its Annual General Meeting today, and Keith Butler-Wheelhouse, Chairman, will provide the following update on current trading:
"Group revenues for the first three months of the current financial year are in line with management expectations. Demand at the Walsall foundry continues to be strong, driving increased production volumes. However, this level of output is currently causing excess cost and production inefficiency, which are being firmly addressed by a strengthened management team.
"Profitability will be weighted towards the second half of the financial year, and the Company reaffirms current market estimates for the full year."
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.
Enquiries
Chamberlin plc (www.chamberlin.co.uk) Kevin Nolan, Chief Executive David Roberts, Finance Director | T: 01922 707100
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Smith & Williamson Corporate Finance Limited (Nominated Adviser and Broker) Russell Cook, Katy Birkin | T: 020 7131 4000 | |
KTZ Communications (Financial PR) Katie Tzouliadis, Emma Pearson | T: 020 3178 6378 |