Morgan Advanced Materials PLC Trading Update (5766Y)
10 May 2019 - 4:00PM
UK Regulatory
TIDMMGAM
RNS Number : 5766Y
Morgan Advanced Materials PLC
10 May 2019
Press Release
Trading update
Morgan Advanced Materials plc
10 May 2019
Morgan Advanced Materials plc is trading in-line with management
expectations and our outlook for the full year remains
unchanged.
Sales for the three months to March 2019 were 2% higher for the
Group, on an organic constant-currency basis, compared to the first
three months of last year. As guided at the 2018 full year results,
Group headline operating margins are slightly ahead of the prior
year, seeing benefit from the leverage of organic growth and from
efficiency actions.
By business, the organic-constant currency trends for the three
months compared to prior year are as follows. Within the Carbon
& Technical Ceramics division, sales were 7% higher than prior
year, with growth in Electrical Carbon, Seals & Bearings and
Technical Ceramics. Sales for the Thermal Products division were 3%
lower than the prior year, with a decline in Europe partially
offset by growth in Asia.
For further enquiries:
Morgan Advanced Materials
Pete Raby plc 01753 837 000
Peter Turner
Alison Lea Brunswick 0207 404 5959
The next scheduled update is the Group's interim results
presentation on 25 July 2019.
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END
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