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13 Jul 2011 07:00
The Morgan Crucible Company plc
Trading update
13 July 2011
The Morgan Crucible Company plc ('the Company'), the advanced materials group, announces a trading update for the 6 months ended 3 July 2011.
Following the receipt of preliminary numbers for the half year, the Company notes that the positive trading momentum described in the Interim Management Statement released on 10 May 2011 has continued through to the end of the half year. This strong trading performance has been driven by broad-based recovery and growth across our range of end-markets, geographies and new product areas.
As a consequence of this updated information the Company now expects to report Revenue and EBITA (pre any restructuring and one-off costs) for the first six months of the year to 3rd July 2011 of c£560 million and c£70 million respectively.
We note the level of market commentary around a weakening macro environment and hence remain alert to variations in trading conditions as we enter the second half of the year.
Management will provide more detail on the drivers of the first half performance and prospects for the second half at the Interim Results announcement on the 27th July 2011.
For further enquiries:
Kevin Dangerfield | Morgan Crucible | 01753 837 000 |
Rollo Head | Finsbury | 0207 251 3801 |
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