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Morgan Advanced Materials year-to-date sales up 7.2%; margins steady

By BFN News | 07:07 AM | Friday 09 November, 2018


Specialist product manufacturer Morgan Advanced Materials said its sales for the 10 months through October had grown on-year, while maintaining its full-year guidance. Sales on an organic and constant currency basis had grown 7.2% over the period, the company said. For the four months between July and October, organic constant currency sales had grown 6.4% on-year. 'Morgan Advanced Materials is trading is in-line with our expectations and our outlook for the full year is unchanged,' the company said. Headline operating margins remained in line with those reported for the half year to 30 June, it added. Story provided by StockMarketWire.com

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