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Carclo plc (CAR)

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Thursday 19 July, 2018

Carclo plc

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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