AGM Trading Update

RNS Number : 0871V

Carclo plc

19 July 2018

 

19 July 2018

Carclo plc

AGM Trading Update

Trading to date in the current financial year has been in line with the Board's expectations.

Progress in securing new Automotive lighting and medical development contracts within LED Technologies and Technical Plastics has been good and is in line with our planned timescales. The implementation of our operational improvement plans is well underway and encouraging progress has been made.

Enquiries:
Carclo plc	01924 268040
Chris Malley, Chief Executive
Sarah Matthews-DeMers, Finance Director
Peel Hunt LLP	0207 418 8900
Justin Jones
Sam Cann
Weber Shandwick Financial	020 7067 0700
Nick Oborne

Notes to editors

Carclo plc is a public company whose shares are quoted on the Main Market of the London Stock Exchange.

Carclo's strategy is to develop and expand its key manufacturing assets in markets where there remain significant further opportunities to drive shareholder value. To enhance profit margins and support its customers, the group has been investing across its global footprint.

Approximately three fifths of Group revenues are generated from the supply of fine tolerance, injection moulded plastic components, mainly for medical products. The balance of Group revenue is derived mainly from the design and supply of specialised injection moulded LED based lighting systems to the premium automotive industry.

 

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