Morgan Advanced Materials PLC Trading update (5771V)
06 November 2017 - 6:00PM
UK Regulatory
TIDMMGAM
RNS Number : 5771V
Morgan Advanced Materials PLC
06 November 2017
Press Release
Trading update
Morgan Advanced Materials plc
6 November 2017
Morgan Advanced Materials plc is trading is in-line with our
expectations and our outlook for the full year is unchanged.
Sales for the ten months to October 2017 were 1.0% higher for
the group, on an organic constant currency basis, compared to the
first ten months of last year. For the period from July to October
the group continued to make progress, with organic constant
currency sales growth improving to 2.3%, compared to the same
period last year. This reflects an acceleration in the growth rate
in the Carbon and Technical Ceramics division since the half
year.
By business, the organic constant currency trends for the ten
months compared to prior year are as follows. Sales for the Thermal
Products division were 2.1% lower than the prior year, with
declines in Europe and North America. Within the Carbon and
Technical Ceramics division, sales were 5.6% higher than last year,
with growth in Electrical Carbon, Seals & Bearings and
Technical Ceramics.
For further enquiries:
Morgan Advanced
Pete Raby Materials plc 01753 837 000
Peter Turner
Alison Kay Brunswick 0207 404 5959
The next scheduled update is the Group's Preliminary Full Year
results presentation on 27 February 2018.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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