Information  X 
Enter a valid email address

Fenner PLC (FENR)

  Print          Annual reports

Thursday 08 September, 2016

Fenner PLC

Pre-Close Trading Statement

RNS Number : 2202J
Fenner PLC
08 September 2016

8 September 2016

Fenner PLC
("Fenner" or "the Group")

Pre-Close Trading Statement

Fenner confirms that during the last two months of its financial year ended 31 August 2016 trading remained as expected.

Helped in part by the translation effect on overseas earnings arising from the depreciation of sterling in recent months, the Group expects to report results for the full year which are towards the top of the current range of market expectations* and in line with the guidance, as adjusted for currency, given at the AGM in January.

A good working capital performance resulted in net debt at 31 August 2016 being approximately £150m notwithstanding the significant adverse translation impact on the Group's US dollar borrowings caused by the depreciation of sterling noted above.

The Group expects to release its results for the full year on 16 November 2016.


*as derived from Bloomberg


For further information please contact:

Fenner PLC

Mark Abrahams, Chief Executive
John Pratt, Group Finance Director

01482 626500
01482 626500

Weber Shandwick Financial

Nick Oborne / Tom Jenkins

020 7067 0700


Notes to editors:

Fenner PLC is a world leader in reinforced polymer technology, providing local engineered solutions for performance‐critical applications. This announcement contains inside information.


This information is provided by RNS
The company news service from the London Stock Exchange

a d v e r t i s e m e n t