Regulatory Story
Go to market news section View chart   Print
Company Chamberlin PLC
TIDM CMH
Headline

Trading Statement

Released 07:00 28-Jan-2013
Number 4572W07

RNS Number : 4572W
Chamberlin PLC
28 January 2013
 



 

AIM: CMH

 

CHAMBERLIN PLC

("Chamberlin" or "the Group")

 

Trading Update

 

Chamberlin, the specialist foundry and engineering group, is providing the following update on trading for the financial year to 31 March 2013.

 

At half year results, we reported that there were uncertainties to the general economic outlook in 2013. Since then, market conditions for our foundry operations have materially softened and activity in several of our sectors has reduced, which has resulted in customers reducing orders or deferring them to a later date. As a result, the Board expects that the Group will deliver pre-tax profits below current market forecasts for the full year. 

 

Notwithstanding the difficult conditions, Chamberlin remains cash generative and well-placed operationally.  The Group's focus on developing customer relationships in both new and existing sectors remains and is progressing well. The Board continues to view medium term prospects positively.

 

 

 

Enquiries

 

Chamberlin plc

Tim Hair, Chief Executive


T: 01922 707100

 




Charles Stanley Securities                    

(Nominated Adviser and Broker)

Russell Cook / Carl Holmes


T: 020 7149 6000




Biddicks

(Financial PR)

Katie Tzouliadis


T: 020 3178 6378

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTUBAARONAAUUR
Close
London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.

Trading Statement - RNS