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Carclo PLC Ord 5P (CAR)

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27-Nov-2020 09:16 AM

Carclo swings to first-half profit as lower costs offset fall in revenue; Interim CFO to depart

Carclo swung to a profit in the first half of the year as lower costs offset a fall in revenue. The company also said that Matt Durkin-Jones would be stepping down from his role as interim chief financial officer from 17 December 2020. For the first
25-Aug-2020 08:52 AM

Carclo reports wider annual losses on higher costs

Manufacturer Carclo reported wider annual losses as rising costs offset higher revenue. For the full year ended 31 March 2020, pre-tax losses widened to £545K from 8K on-year, while revenue rose 4.9% to £110m. Revenue growth was underpinn
04-May-2020 07:30 AM

Carclo expects results to meet expectations, but sees signs of deeper Covid-19 disruptions

Plastic components supplier Carclo said it expected to report annual underlying results for its continuing businesses in line with its expectations. The company said, however, that disruption had been more extensive in the first quarter of the current fi
21-Jan-2020 09:21 AM

Carclo swings to loss amid weakness in LED division

Carclo swung to a first-half loss as weakness in its LED division weighed on performance. For the six months ended 30 September, pre-tax losses amounted to £5.5m compared to a profit of £3.3m on-year. Revenue increased 12% to £56.1m.
01-Nov-2019 09:30 AM

Carclo swings to loss as revenue slips on weakness in LED technologies division

Carclo swung to a loss on lower revenue as weakness in its LED technologies division offset 'encouraging' performances in its technical plastics and aerospace segments. For the full year ended 31 March 2019, the company reported a pre-tax los
01-Oct-2019 09:48 AM

Carclo's Antony Collins takes helm as CEO

Carclo confirmed that Antony Collins had joined the company as chief executive, with Mark Rollins resuming the role of non-executive chairman. Story provided by StockMarketWire.com...
25-Sep-2019 08:38 AM

Carclo sees two divisions ahead of expectations; Wipac discussions continue

Carclo, a global manufacturer of fine tolerance injection moulded plastic parts mainly for the medical, automotive lighting and optics markets, has announced that both the Technical Plastics (CTP) and Aerospace Divisions have both performed ahead of expec
04-Jul-2019 09:30 AM

Carclo's Wipac business receives interest from potential suitors; CFO to depart

Plastic parts supplier Carclo said its Wipac business had attracted a number of approaches from interested parties concerning a potential acquisition as the company progressed with its turnaround plan of the low-volume high-end vehicle division. The plan
17-Apr-2019 09:10 AM

Broker Forecast - Peel Hunt issues a broker note on Carclo PLC

Peel Hunt today reaffirms its hold investment rating on Carclo PLC (LON:CAR) and cut its price target to 40p (from 65p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
11-Feb-2019 08:50 AM

Broker Forecast - Peel Hunt issues a broker note on Carclo PLC

Peel Hunt today reaffirms its hold investment rating on Carclo PLC (LON:CAR) and cut its price target to 65p (from 80p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
11-Jan-2019 11:10 AM

Broker Forecast - Peel Hunt issues a broker note on Carclo PLC

Peel Hunt today downgrades its investment rating on Carclo PLC (LON:CAR) to hold (from buy) and cut its price target to 80p (from 130p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
11-Jan-2019 08:37 AM

Carclo warns on profits; CEO resigns to take up reins at struggling LED Technologies Division

Carclo warned Friday it expected full-year results to be 'significantly' below its previous expectations as its struggles to meet customer demand worsened in the third quarter of the year. The company also said that Chris Malley resigned as Gr
12-Oct-2018 08:05 AM

Carclo maintains full-year outlook despite technical plastics underperformance

Carclo maintained full-year guidance Friday even as first-half results undershot expectations owing to underperformance at its technical plastics segment. Poor performance in the technical plastics segment was blamed on customer delays of three new medic
05-Jun-2018 02:31 PM

Carclo profit slips 22% on operational disruptions, contract delays

Manufacturing group Carclo posted a 22% fall in annual profit following operational disruptions and contract delays. Pre-tax profit fell to £8.2m, even as revenue rose 5.7% to £146.2m. 'Delays in the placement of certain customer projec
10-Apr-2018 09:40 AM

Broker Forecast - Peel Hunt issues a broker note on Carclo PLC

Peel Hunt today reaffirms its buy investment rating on Carclo PLC (LON:CAR) and set its price target at 130p. Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
15-Jan-2018 04:20 PM

Broker Forecast - Peel Hunt issues a broker note on Carclo PLC

Peel Hunt today reaffirms its buy investment rating on Carclo PLC (LON:CAR) and cut its price target to 130p (from 200p). Story provided by StockMarketWire.com...
15-Jan-2018 07:39 AM

Carclo significantly below FY forecasts

Carclo has warned that its full year performance was expected to be significantly lower than previous forecasts. It said the stronger second half performance, anticipated at the time of the interim results in November, was not now expected to be achieved
03-Oct-2017 09:49 AM

Edison issues outlook on Carclo

Edison Investment Research has issued an outlook on Carclo. Edison said: 'Carclo is focusing investment on its two larger established businesses - Technical Plastics (CTP) and LED Technologies (LED). 'Here a differentiated offer and long-term
26-Sep-2017 02:17 PM

Board changes at Carclo

Carclo has announced that Robert Rickman is to retire as a Non-Executive Director and Chairman of the Remuneration Committee. Mark Rollins will be appointed to the Carclo Board as a Non-Executive Director, and the Chairman of the Remuneration Committee w
08-Sep-2017 01:07 PM

Carclo shareholders pass all resolutions at AGM

Carclo has confirmed that all resolutions were passed by shareholders at yesterday's Annual General Meeting. At 1:07pm: (LON:CAR) Carclo PLC share price was -2.62p at 139.88p Story provided by StockMarketWire.com...
07-Sep-2017 08:40 AM

Broker Forecast - finnCap issues a broker note on Carclo PLC

finnCap today downgrades its investment rating on Carclo PLC (LON:CAR) to hold (from buy) and left its price target at 165p. Story provided by StockMarketWire.com...
07-Sep-2017 08:09 AM

Carclo on track despite weakness in technical plastics division

Carclo's trading performance for the year ending 31 March 2018 remains in line with its forecasts, with an outperformance of the LED Technologies division expected to offset the weaker than previously anticipated performance of the technical plastics
06-Jun-2017 11:50 AM

Broker Forecast - Peel Hunt issues a broker note on Carclo PLC

Peel Hunt today reaffirms its buy investment rating on Carclo PLC (LON:CAR) and raised its price target to 200p (from 190p). Story provided by StockMarketWire.com...
06-Jun-2017 10:00 AM

Broker Forecast - finnCap issues a broker note on Carclo PLC

finnCap today reaffirms its buy investment rating on Carclo PLC (LON:CAR) and raised its price target to 165p (from 138p). Story provided by StockMarketWire.com...
06-Jun-2017 07:34 AM

Carclo operating profits more than double

Carclo's revenue increased by 16.2% to £138.3m - 10% growth at constant currency - in the year to the end of March and operating profit more than doubled to £12.0m from £5.2m. The group said this reflected continued strong sales p
 
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