Last checked at 26 Jun 2008 07:00
Trading update
Elementis plc today issues a trading update ahead of its interim results for the half year ending 30 June 2008, which will be announced on 29 July 2008.
Trading for the first half of 2008 is ahead of our expectations.
In Specialty Products, managements' programme of performance improvement has continued to have a positive impact on operating profit which will have shown progress in each of the last five consecutive half year periods. Sales trends during the period have been positive in all major sectors outside of North America, which has continued to experience demand patterns reflective of those in the latter half of 2007.
In Chromium, the business has continued to experience significant benefits from positive global supply demand dynamics.
Completion of the Deuchem acquisition, announced in April, is progressing well and closing is expected to take place in July 2008.
Enquiries:
Elementis plc Tel: +44 (0)20 7408 9302
Brian Taylorson
Finance Director
Financial Dynamics Tel: +44 (0)20 7831 3113
Andrew Dowler
Greg Quine