8th Sep 2015 07:00
8 September 2015
Fenner PLC ("Fenner" or "the Group")
Pre-Close Trading Statement
Fenner anticipates that Group revenue and underlying profit for the year ended 31 August 2015 will be in line with expectations at the time of the trading update on 22 July 2015.
Net debt at 31 August 2015 was approximately £140 million, principally reflecting a better than anticipated outcome in respect of working capital.
The Group expects to release its results for the full year on 11 November 2015.
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Analyst and Investor conference call
A conference call for analysts and investors will be held at 8:00 a.m. (UK time) today to discuss this statement. Participants can join the call on 020 3059 8125 (international dial-in + 44 20 3059 8125). A recording of this conference call will be available for 7 days on 0121 260 4861 (in the United States dial 1 844 2308 058 and in all other international locations dial + 44 121 260 4861) using the access code 1634040 followed by #; a replay facility will also be available through the company's web-site www.fenner.com.
For further information please contact:
Fenner PLC |
|
Nicholas Hobson, Chief Executive OfficerJohn Pratt, Group Finance Director | 01482 62650001482 626500 |
Weber Shandwick Financial |
|
Nick Oborne | 020 7067 0700 |
Notes to editors:
Fenner PLC is a world leader in reinforced polymer technology, providing local engineered solutions for performance-critical applications. The Group operates through two divisions:
Advanced Engineered Products: the AEP division uses advanced polymeric materials and technical expertise to provide high value-added solutions to customers' most challenging engineering problems. Customers are spread across a variety of end-user segments, including oil & gas, medical, construction, transportation, automation and general industrial. AEP's trading names are recognised globally and include CDI Energy Products, EGC Critical Components, Hallite, AIP Precision Machining, Fenner Precision, Fenner Drives, James Dawson, Mandals, Secant Medical, Charter Medical and Xeridiem
Engineered Conveyor Solutions: the ECS division, trading under the Fenner Dunlop, Fenner and Dunlop brand names, is a recognised leader in the global conveying market. The division offers a unique, comprehensive suite of products and services, which serve the conveying needs of mining, power generation and bulk handling markets.
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