We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Morgan Advanced Materials Plc | LSE:MGAM | London | Ordinary Share | GB0006027295 | ORD 25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-4.50 | -1.47% | 302.50 | 303.00 | 304.00 | 304.00 | 299.50 | 301.00 | 689,413 | 16:35:10 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Carbon And Graphite Products | 1.12B | 47.3M | 0.1663 | 18.22 | 862.04M |
TIDMMGAM
RNS Number : 4087O
Morgan Advanced Materials PLC
07 November 2016
Press Release
Trading update
Morgan Advanced Materials plc
7 November 2016
Morgan Advanced Materials plc, the advanced materials company, is today issuing the following trading update.
Trading conditions in the period since the half year are in line with management expectations and unchanged overall from the outlook in our July trading statement.
Year-to-date sales, on a constant currency basis, were 1.9% lower for the Group than when compared to the first nine months of last year. Sales for the Thermal Products division were 0.3% lower than the prior year, with growth in Asia and Europe offset by a decline in the Americas. For the Carbon and Technical Ceramics division, sales were 3.6% lower than last year, with declines across all of the business units. Sales in Composites & Defence Systems were at a similar level to the prior year. For the group as a whole, the book to bill ratio for the first nine months was 1.00.
Looking forward, our expectations for the full year remain unchanged.
Financial position
As announced on 28 October, the Group has raised new debt of $112m and EUR60m with the completion of a US private placement. The new debt extends the group's debt maturity profile and will be used for repayment of existing indebtedness and other general corporate purposes. There have been no other significant events or transactions during the period from 30 June 2016 to 6 November 2016 which have resulted in a material impact on the financial position of the Group.
For further enquiries:
Morgan Advanced Pete Raby Materials plc 01753 837000 Peter Turner Mike Smith/Nina Coad Brunswick 0207 404 5959
The next scheduled update is the Group's Full Year results presentation on 23 February 2017.
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTZZLFBQFFXFBF
(END) Dow Jones Newswires
November 07, 2016 02:00 ET (07:00 GMT)
1 Year Morgan Advanced Materials Chart |
1 Month Morgan Advanced Materials Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions