Carclo plc AGM Trading Update (0871V)

TIDMCAR

RNS Number : 0871V

Carclo plc

19 July 2018

19 July 2018

Carclo plc

AGM Trading Update

Trading to date in the current financial year has been in line with the Board's expectations.

Progress in securing new Automotive lighting and medical development contracts within LED Technologies and Technical Plastics has been good and is in line with our planned timescales. The implementation of our operational improvement plans is well underway and encouraging progress has been made.

 
Enquiries: 
 
Carclo plc                                01924 268040 
Chris Malley, Chief Executive 
Sarah Matthews-DeMers, Finance Director 
 
 
Peel Hunt LLP                             0207 418 8900 
Justin Jones 
Sam Cann 
 
Weber Shandwick Financial                 020 7067 0700 
Nick Oborne 
 

Notes to editors

Carclo plc is a public company whose shares are quoted on the Main Market of the London Stock Exchange.

Carclo's strategy is to develop and expand its key manufacturing assets in markets where there remain significant further opportunities to drive shareholder value. To enhance profit margins and support its customers, the group has been investing across its global footprint.

Approximately three fifths of Group revenues are generated from the supply of fine tolerance, injection moulded plastic components, mainly for medical products. The balance of Group revenue is derived mainly from the design and supply of specialised injection moulded LED based lighting systems to the premium automotive industry.

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July 19, 2018 02:00 ET (06:00 GMT)