25 Sep 2008 07:00
For immediate release: 25 September 2008
Carclo
("The Group")
Half year trading update
The Group continues to trade in line with the Board's expectations.
In Technical Plastics, we have now completed our withdrawal from the lower margin automotive customers and we have continued to win new business in our growing medical plastics business.
In Precision Products, Wipac continues to win new programmes for supercar lighting based principally on new high-power LED technology.
At Conductive Inkjet Technology, the new Metaljet production facilities are now operational and will be shown publicly for the first time on 2 October 2008 at the RFID Europe Trade exhibition in Cambridge.
We have seen a significant increase in energy costs within the UK (but not in our other global operations). However, the increased profits from new tooling contracts in both of our divisions are expected to fully compensate for these increased costs.
The Board remains confident in the outlook for the full year.
The Group will announce its interim results for the period to 30 September 2008 on 25 November 2008.
- Ends -
| Enquiries: | |
| Carclo plc | 01924 268040 |
| Ian Williamson, Chief Executive | |
| Eric Cook, Company Secretary | |
| Weber Shandwick Financial | 020 7067 0700 |
| Terry Garrett or James White |
Notes to editors
Carclo plc is a global supplier of technical plastic components. It is a public company whose shares are quoted on the London Stock Exchange.
75% of sales are derived from the supply of fine tolerance, injection moulded plastic components, which are used in medical, optical and electronics products. This business, Carclo Technical Plastics, operates internationally in a fast growing and dynamic market underpinned by rapid technological development.
25% of sales are derived from the supply of specialised precision products to the premium automotive and aerospace industries.
Carclo's strategy is to develop new technologies and products to drive future growth.
Carclo (CAR)