20th May 2015 06:50
LONDON (Alliance News) - Carbon and ceramic products manufacturer Morgan Advanced Materials PLC on Wednesday affirmed its full-year expectations after saying trading in the first four months has been in line with its forecasts.
The company says its like-for-like revenue in the four months to the end of April rose 1.9%, with its year-to-date book-to-bill ratio at the end of April at 1.07. Its outstanding order book was around 8% higher than at the same time a year earlier on a constant currency basis.
All regions have performed well, the FTSE 250 constituent said, with the biggest improvement made in its South East Asian and Korean operations, though overall growth in the region has been hit by weakness in China. North American trading has been robust, it said, while its Thermal Ceramics business has driven a solid performance in Europe.
By Sam Unsted; [email protected]; @SamUAtAlliance
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