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17 Apr 2012 07:00
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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