5th Sep 2024 19:01
Carclo PLC - Surrey, England-based provider of high-precision components - Provides trading update for six months ending September 30. Says trading year-to-date is in line with management expectations. Notes US manufacturing rationalisation and improvement programme is on track. Improves net debt to uEbitda ratio through cash management and "leveraging stronger trading". "This progress highlights our unwavering commitment to strengthening our financial health across all operations" company says. Expectations for financial 2025 and 2026 are unchanged with margin expansion to continue as company benefits from operational optimisation. Says is headed toward goal of 10% return on sales and 25% return on capital employed. US operations restructuring is ahead of schedule with final production runs in Tucson complete and is now focused on operational turnaround at Pennsylvania site. Says CTP EMEA manufacturing solutions division has "emerged stronger" following new operations set up. Read More
