Sign In
Last checked at 
24 Apr 2009 14:00
ο»Ώ
MOLINS PLCΒ
Interim Management Statement - Quarter 1 2009
Molins PLC, the internationalΒ specialistΒ engineering group, isΒ holding its Annual General MeetingΒ today. ThisΒ statement isΒ issuedΒ in accordance with theΒ UK Listing Authority's Disclosure and Transparency RulesΒ and relatesΒ to the period fromΒ 1 January 2009, the start of the Company's financial year.
SalesΒ in the first quarter of the year were in line with internal plans andΒ at similar levels toΒ theΒ equivalent period in the prior year.Β Β The operating performance of the Group also metΒ the board's expectations in the first quarter.
Order intake overall is ahead of the comparable period last yearΒ butΒ it is apparent that, particularlyΒ within the Packaging Machinery division,Β customers continue to defer purchasing decisions.Β The board'sΒ expectationsΒ of Group performanceΒ in the year haveΒ not changed since the publication of theΒ annual report in February 2009.Β
The financial position of the Group is broadly comparable with thatΒ atΒ 31 December 2008.Β Β The balance sheet includes theΒ valuation of theΒ UKΒ defined benefit pension scheme whichΒ by its natureΒ isΒ prone to potentiallyΒ significantΒ changes drivenΒ byΒ factors outside the control of the Company. A formal actuarial valuation of the scheme is due to be carriedΒ outΒ as atΒ 30 June 2009Β which, when completed and agreed, will set the funding requirements.
|
Enquiries: MolinsΒ PLC Tel: 01908 219000 Dick Hunter, Chief Executive David Cowen, Group Finance Director |
Issued by: Citigate Dewe Rogerson Tel: 020 7638 9571 Angharad Couch |
Follow the stocks
