Carclo plc
1 April 2005
Carclo plc
Pre-close Trading Update
The board anticipates that the trading outcome for the year ended 31 March 2005
will be in line with its expectations.
As forecast, the group delivered a strong performance in the last quarter. The
Technical Plastics division benefited from good automotive volumes and a
recovery in divisional operating profits. We are now seeing the real benefit of
the ongoing re-structuring programme and this should provide the base for
further progress in the new financial year. In general, demand has stabilised.
We have some concerns over the strength of demand for automotive components in
the USA, but the medical market remains buoyant.
We have seen encouraging growth in our Chinese Technical Plastics operation
which is now profitable. The Indian Joint Venture which was set up to
manufacture control cables will be become fully operational during our next
financial year.
Card Clothing has experienced a difficult year but the order book is now
improving and the new China facility is performing well.
The development of our new technologies continues to progress well and we
anticipate that the Conductive Inkjet Technology joint venture will commence
generating revenues in the new financial year.
- Ends -
Enquiries:
Carclo plc 01924 268040
Ian Williamson, Chief Executive
Robert Brooksbank, Finance Director
Weber Shandwick Square Mile 020 7067 0700
Susanne Walker
Notes to Editors
• Carclo plc is a global supplier of technical plastic components and
specialist wire products. It is a public company whose shares are quoted on
the London Stock Exchange.
• 81% of sales are derived from the supply of fine tolerance, injection
moulded plastic components, which are used in medical, automotive, telecom
and electronics products. This business, Carclo Technical Plastics, operates
internationally in a fast growing and dynamic market underpinned by rapid
technological development.
• The Specialist Wire division manufactures card clothing, a specialised
engineered product used by the textile fibre processing industry world wide,
precision aerospace products and band saws.
• Carclo's strategy is to grow rapidly in low cost manufacturing regions
and to develop new technologies and products to underpin future growth.
This information is provided by RNS
The company news service from the London Stock Exchange