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Trading Update

8 Apr 2014 07:00

RNS Number : 2596E
Renold PLC
08 April 2014
 



Renold plc

("Renold" or "the Company" or "the Group")

 

Trading update

 

Renold, a leading international supplier of industrial chains and related power transmission products, is today issuing a trading update ahead of reporting results for the year ended 31 March 2014, on 27 May 2014.

 

The Group continues to make good progress in the turnaround phase of its strategic growth plan, and therefore expects to report results for the full year in line with market expectations. Closure of the Bredbury facility and the transfer of production to other Renold sites remains on schedule and within budget.

 

Trading across both divisions, and net debt for the Group as a whole, have continued in line with management expectations for the full year.

 

There have been no other significant changes in the position of the Company since the publication of a trading update in February 2014.

 

 

8 April 2014

 

ENQUIRIES:

 

Renold plc

0161 498 4500

Robert Purcell, Chief Executive

Brian Tenner, Finance Director

Instinctif Partners

020 7457 2020

Mark Garraway

Helen Tarbet

 

 

 

NOTES FOR EDITORS

 

Renold is a global leader in the manufacture of industrial chains and also manufactures a range of torque transmission products which are sold throughout the world to a broad range of original equipment manufacturers and distributors. The Company has a well deserved reputation for quality that is recognised worldwide. Its products are used in a wide variety of industries including manufacturing, transportation, energy, steel and mining.

 

Further information about Renold can be found on their website at: www.renold.com

 

 

 

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