Molins PLC Trading update (0318U)
October 10 2014 - 9:31AM
UK Regulatory
TIDMMLIN
RNS Number : 0318U
Molins PLC
10 October 2014
10 October 2014
AIM: MLIN
MOLINS PLC
Trading Update
Molins PLC, the international engineering and services company,
announces the following trading update for the year to 31 December
2014.
The tobacco sector market conditions and geopolitical
instability highlighted in our August statement have resulted in
weaker order prospects and delays to expected machine deliveries in
the Tobacco Machinery division, with the Scientific Services
division also affected by tobacco customers delaying orders for
instrumentation, following strong intake in the first half. As a
result, the Board expects profit before tax for the full year to be
below current market forecasts. The Board intends to hold dividend
payments at current levels.
Prospects in the Packaging Machinery division remain good, as
the division continues to make progress in targeted market segments
and geographies. Both order intake and sales in local currency are
ahead of last year. We continue to invest in products and
infrastructure and work towards realising the value of surplus
property in the Group.
Enquiries:
Molins PLC
Tel: +44 (0)1908 246870
Dick Hunter, Chief Executive
David Cowen, Group Finance Director
Panmure Gordon (UK) Limited (NOMAD)
Tel: +44 (0)20 7886 2500
Hugh Morgan / Peter Steel - Corporate Finance
Tom Salvesen - Corporate Broking
KTZ Communications
Tel: +44 (0)20 3178 6378
Katie Tzouliadis, Deborah Walter
This information is provided by RNS
The company news service from the London Stock Exchange
END
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