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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Molins | LSE:MLIN | London | Ordinary Share | GB0005991111 | ORD 25P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 157.00 | 156.00 | 158.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMMLIN
RNS Number : 5052R
Molins PLC
12 December 2016
AIM: MLIN
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No. 596/2014
MOLINS PLC
Trading Update
Molins PLC, the international engineering and services company, announces the following trading update for the financial year to 31 December 2016.
Trading to date in the final quarter has been materially lower than expected, partially due to an unfavourable sales mix and a number of deliveries delayed into the early part of 2017. As a result the Board is revising downwards its expectation of full year performance.
However order intake in the last three months has been positive, at an increase of 80% over the same period last year, with the Packaging Machinery businesses in particular benefiting from a strong period of conversion of prospects. The consequence of this recent order activity is that the Group is expected to enter 2017 with a significantly higher order book than it had entering 2016.
The development of the Group's strategic plan is continuing positively. This review is aimed at ensuring the Group is in the best position to serve its customers, and is focused on market opportunities and operational efficiency. The outcome of this review is expected to be presented in Q1 2017.
Enquiries:
Molins PLC
Tel: +44 (0)1908 246870
Tony Steels, Chief Executive
David Cowen, Group Finance Director
Panmure Gordon (UK) Limited (NOMAD)
Tel: +44 (0)20 7886 2500
Andrew Potts / Peter Steel - Corporate Finance
Tom Salvesen - Corporate Broking
KTZ Communications
Tel: +44 (0)20 3178 6378
Katie Tzouliadis, Viktoria Langley, Emma Pearson
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTLLFFAFLLAIIR
(END) Dow Jones Newswires
December 12, 2016 02:00 ET (07:00 GMT)
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