AI assistant
Morgan Advanced Materials PLC — Earnings Release 2018
Nov 9, 2018
4597_rns_2018-11-09_f3478cf3-d090-44fe-bccf-31f82f01be90.html
Earnings Release
Open in viewerOpens in your device viewer
National Storage Mechanism | Additional information
You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.
RNS Number : 8457G
Morgan Advanced Materials PLC
09 November 2018
Press Release
Trading update
Morgan Advanced Materials plc
9 November 2018
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 2018 were 7.2% higher for the Group, on an organic constant-currency basis, compared to the first ten months of last year. For the four month period from July to October, organic constant-currency sales growth was 6.4% compared to the same period last year. Excluding the benefit from the additional ceramic armour sales within the Seals & Bearings business unit, the underlying organic constant-currency growth rate for the ten months to October was 5.4%. Group headline operating margins remain in line with those reported for the half year to 30 June 2018.
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 7.0% higher than the prior year, with growth in Asia. Within the Carbon & Technical Ceramics division, sales were 9.2% higher than prior year, with growth in Electrical Carbon, Seals & Bearings and Technical Ceramics.
For further enquiries:
| Pete Raby | Morgan Advanced Materials plc | 01753 837 000 |
| Peter Turner | ||
| Alison Lea | Brunswick | 0207 404 5959 |
The next scheduled update is the Group's Preliminary Full Year results presentation on 26 February 2019.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
END
TSTFKFDKDBDBFDK