5th Sep 2006 07:02
Fenner PLC05 September 2006 5 September 2006 Fenner plc ("Fenner" or "the Company") Pre Close Statement Fenner, the global engineer specialising in reinforced polymer technology, todayprovides an update prior to entering into close period for the Company's resultsfor the year ended 31 August 2006. The results of trading for the Group for the year ended 31 August 2006 areanticipated to be in accordance with management's expectations in spite of theeffect of a weaker US$ on the translation of profits. These anticipated results reflect a buoyant energy sector and representsignificant progress in Group profitability and return on sales when comparedwith the previous year. The result will include an excellent first full yearperformance from the operations of the specialist sealing business acquired withWellington plc during 2005. Further evidence of a structural increase in demand for our heavyweight conveyorbelting products in the North American marketplace has justified our decision toincrease our investment in that segment of our business. Our plans in this areahave progressed well in the second half of the year. It is expected that the Group will be announcing its preliminary results onWednesday, 8 November 2006. Fenner is the world leader in the global conveyor belting market. Its productsinclude lightweight and heavyweight conveyor belting for the mining and powergeneration markets, precision motion control products for the computer, copierand mechanical equipment markets, and sealing products for the mining,hydraulics and oil and gas industries. - ends - For further information please contact: Fenner PLC 01482 626501Mark Abrahams, Chief Executive Weber Shandwick Square Mile 020 7067 0700Nick Oborne/Stephanie Badjonat This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Fenner PLC