Morgan Advanced Materials PLC Trading update (5771V)

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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

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November 06, 2017 02:00 ET (07:00 GMT)