Trading Statement
October 07 2003 - 3:30AM
UK Regulatory
RNS Number:5943Q
Carclo plc
07 October 2003
7 October 2003
CARCLO PLC
TRADING STATEMENT
Upon completion of trading for the six months ended 30 September 2003, the board
of Carclo plc are making the following statement.
In the outlook statement made at the annual general meeting at the beginning of
September it was noted that demand has been weak in the first half of the
financial year. Demand across the technical plastics operations has been 10%
below the levels achieved in the same period last year which has impacted
profitability in the first half. The group, as a whole, will be approximately
break even at the operating level, before goodwill and exceptional items. We
have extended the rationalisation of the UK technical plastics operations,
resulting in exceptional charges in the first half of around #1.8 million.
However, our order intake has been gaining momentum and the actions already
taken should ensure a marked recovery in the second half of 2003/04.
The full interim results will be announced on 8 December 2003.
For further information please contact:
Carclo plc
Chris Mawe, group finance director 01924 330 500
Weber Shandwick Square Mile
Richard Hews, Susanne Walker 020 7067 0700
This information is provided by RNS
The company news service from the London Stock Exchange
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