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232.50    -30.00 (-11.43%)
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Spread: 15.00 (6.667%)
Market Cap: £69.92m
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AGM Trading Statement

24 Apr 2015 11:55

RNS Number : 2659L
Molins PLC
24 April 2015
Β 

FOR IMMEDIATE RELEASE 24 April 2015

MOLINS PLC

Β (the "Group")

AGM Trading Statement

Β 

Molins PLC, the international engineering and services company, will hold its Annual General Meeting at 12 noon today, and Chairman, Phil Moorhouse, will make the following statement:

Β 

"The Board's expectation of Group trading for the financial year to 31 December 2015 remains unchanged.

Β 

Against a continuing tough trading backdrop, the Tobacco Machinery division's performance to date is in line with last year's. Trading at the Scientific Services division is more challenging than expected with the relative strength of sterling against the euro and the tobacco sector challenges affecting performance. Trading in the Packaging Machinery division is ahead of last year and prospects remain strong.

Β 

As previously reported, we expect the strategic review of our analytical services laboratory operations to complete in the first half of the year and we will provide a further update in due course."

Β 

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Enquiries:

Molins PLC

Tel: +44 (0)1908 246870

Dick Hunter, Chief Executive

David Cowen, Group Finance Director

Β 

Panmure Gordon (UK) Limited (NOMAD)

Tel: +44 (0)20 7886 2500

Hugh Morgan / Peter Steel - Corporate Finance

Tom Salvesen - Corporate Broking

Β 

KTZ Communications

Tel: +44 (0)20 3178 6378

Katie Tzouliadis

This information is provided by RNS
The company news service from the London Stock Exchange
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END
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