29th Jun 2023 10:14
Morgan Advanced Materials PLC - Windsor, England-based carbon and ceramic metals manufacturer - Expects sales for six months to June to be around 2% higher on organic constant currency basis than those for the same period last year. Expects sales in second quarter to be about 9% higher than the previous year. Announcement follows period of disrupted trading due to cyber attack in January. Morgan Advanced Materials maintains full-year outlook, anticipating between 2% and 4% organic revenue growth.
Chief Executive Officer Pete Raby says: "The business is well positioned. Our planned investment in new capacity, products and technologies to support our faster growing markets is continuing at pace and we are well placed to benefit from the substantial growth opportunities that these markets present."
Current stock price: 270.00 pence, down 1.3% on Thursday morning
12-month change: down 3.9%
By Emma Curzon, Alliance News reporter
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