Chamberlin PLC AGM Statement (5601L)
20 July 2017 - 4:00PM
UK Regulatory
TIDMCMH
RNS Number : 5601L
Chamberlin PLC
20 July 2017
AIM: CMH
20 July 2017
CHAMBERLIN plc
("Chamberlin", the "Company" or the "Group")
AGM Statement
Chamberlin, the specialist castings and engineering group, will
be holding its Annual General Meeting today, and Keith
Butler-Wheelhouse, Chairman, will provide the following update on
current trading:
"The Company has made a good start to the new financial year
with sales in the first three months slightly ahead of management
expectations. We have made additional investment at our new
machining facility to support the increasing volumes and,
accordingly, first half costs will reflect this.
"I am also pleased to highlight a major new contract signed by
our foundry operation in the period with an existing customer, a
leading European supplier of components and parts to the automotive
industry. Worth EUR3.7 million over its seven year term, the
contract commences towards the end of 2019 and will replace an
existing programme at Walsall for the same customer, which is
coming to the end of its life cycle. The award underlines our
technical expertise and high service standards as well as our
strong customer relationships.
"The Board looks forward to providing a further update on
trading in due course."
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 Corporate T: 020 7131
Finance Limited 4000
(Nominated Adviser and Broker)
Russell Cook, Katy Birkin
KTZ Communications T: 020 3178
(Financial PR) 6378
Katie Tzouliadis, Emma Pearson
About Chamberlin
Chamberlin is a specialist castings and engineering business
based in Walsall, in the West Midlands.
The Company's castings operations produce high quality iron
castings in various metal grades and weights, and supply 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
END
AGMZMGMNVLGGNZM
(END) Dow Jones Newswires
July 20, 2017 02:00 ET (06:00 GMT)
Chamberlin (LSE:CMH)
Historical Stock Chart
From Apr 2024 to May 2024
Chamberlin (LSE:CMH)
Historical Stock Chart
From May 2023 to May 2024