18th Nov 2008 07:00
Chamberlin plc ("Chamberlin" or the "Company")
Trading Update
In common with a number of other companies, Chamberlin has unfortunately experienced a sudden and significant reduction in demand for coming months, particularly in our Walsall business which is a leading supplier of castings for automotive turbochargers. Walsall has recently been successful in winning orders from outside the automotive industry and we are expediting the programme to broaden its customer base.
Earnings for the first half year are anticipated to be in line with expectations, but as a result of the demand cutbacks we now believe that it is inevitable that our full-year earnings will fall short of management expectations.
Chamberlin will provide a more detailed update in the Company's interim results, which will be announced on 27 November 2008.
Enquiries:
Chamberlin plc
Tim Hair 01922 707100
Mark Bache
Teathers
Gareth Price 020 7131 3000
Tom Hulme
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