Chamberlin PLC Trading Update (1239C)
11 April 2017 - 4:00PM
UK Regulatory
TIDMCMH
RNS Number : 1239C
Chamberlin PLC
11 April 2017
AIM: CMH
11 April 2017
CHAMBERLIN plc
("Chamberlin" or "the Company")
Trading Update
Chamberlin, the specialist castings and engineering group, is
pleased to announce an update on trading for the financial year to
31 March 2017.
Results for the year are expected to be in line current market
forecasts, with a strengthened performance in the second half. In
particular, underlying profitability will be ahead of the prior
year.
The Company's new machining facility in Walsall was officially
opened at the end of March, and is expected to help drive
additional growth opportunities as well as support existing
contracts. As planned, the foundry in Leicester was taken out of
production at the end of February 2017, and the decommissioning
process is anticipated to conclude by the end of calendar year
2017.
The outlook for Chamberlin's continuing progress remains very
positive and the Board looks forward to providing a further update
on trading towards the end of May 2017 with the publication of the
Company's preliminary results.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014.
Enquiries
Chamberlin plc (www.chamberlin.co.uk) T: 01922 707100
Kevin Nolan, Chief Executive
David Roberts, Finance Director
Smith & Williamson T: 02071314000
(Nominated Adviser and Broker)
Russell Cook/Katy Birkin
KTZ Communications T: 020 3178
(Financial PR) 6378
Katie Tzouliadis/Emma Pearson
About Chamberlin
Chamberlin, based in Walsall, is a specialist castings and
engineering business.
The company's castings operations produce high quality iron
castings in various metal grades and weights, and supplies a number
of sectors, including automotive, construction, power generation,
steel and rail.
Chamberlin's engineering operations develop panic and emergency
exit door hardware, and lighting and control equipment for
hazardous areas.
This information is provided by RNS
The company news service from the London Stock Exchange
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