Corporate News

Interim Management Statement

Molins PLC, the international engineering and services company, today announces its interim management statement covering the period from 1 July 2012 to 24 October 2012.  The Company’s Half-Year results to 30 June 2012 were announced on 31 August 2012. 

 

Sales in the third quarter were at similar levels to those in the first two quarters of the year and, as in recent years, sales are expected to be heavily weighted to the last quarter.  Order intake in each of the Group’s three divisions remains ahead of the same period last year and in line with expectations, and each division has a strong order book for delivery in the fourth quarter. Performance in the period was broadly as expected.

 

The board’s expectation of Group performance for the year as a whole remains unchanged.

 

There has been no significant change in the financial position of the Group since 30 June 2012.

 

Enquiries:

 

 

Molins PLC

 

Tel: +44(0)1908 246870

Dick Hunter, Chief Executive

 

 

David Cowen, Group Finance Director          

 

 

Canaccord Genuity

 

Tel: +44 (0)20 7523 8350

 

Bruce Garrow

 

 

MHP Communications

 

Tel: +44 (0)20 3128 8100
Andrew Jaques/Simon Hockridge  

Interim Management Statement

Molins PLC, the international specialist engineering group, is holding its Annual General Meeting today and is issuing its interim management statement covering the period from 1 January 2012, the start of the Company’s financial year, to date.

 

Order intake in each of the Group’s three divisions is ahead of the same period last year.  Sales in the first part of the year are at broadly similar levels to last year and are in line with internal plans.  Performance has also been broadly in line with expectations to date.  As previously stated, the Group tends to perform more strongly in the second half of the year and this is still expected to be particularly pronounced this year.

 

The Food & Drug Administration, which regulates tobacco products in the USA, published draft guidance at the end of March 2012, with a 60 day period for comment, setting out its reporting requirements for tobacco products for 2012 and the early part of 2013.  The Group has continued to invest in its laboratory capabilities in order to meet prospective growth in activity levels, which brings with it a cost in the short-term, but also a strong commercial opportunity.  The board continues to anticipate a small degree of activity increase in the Scientific Services division in the second half of the year sufficient to absorb the increased costs and the business will continue to respond to the market opportunity as it develops.

 

The board’s expectation of Group performance in the year remains unchanged.  There has been no significant change in the financial position of the Group since 31 December 2011.

 

Enquiries:

 

 

Molins PLC

 

Tel: +44(0)1908 246870

Dick Hunter, Chief Executive

 

 

David Cowen, Group Finance Director         

 

 

Canaccord Genuity

 

Tel: +44 (0)20 7523 8350

 

Bruce Garrow

 

 

 

 

Interim Management Statement

This statement is issued in accordance with the requirements of the Disclosure and Transparency Rules and relates to the period from 1 July 2011 to 23 October 2011.  The Company's Half-Year results to 30 June 2011 were announced on 25 August 2011.

 

Order intake in the period has been at expected levels and in the year to date remains ahead of last year, although the Board remains mindful of the continuing uncertain economic conditions.  Sales have also been at the levels expected in the period.

 

In line with recent years, sales are expected to be heavily weighted to the last quarter.  The Board stated on 25 August 2011 that it expected the Group to show progress in the year and since then, with margins on a number of projects expected to show improvement, its expectation of underlying performance for the full year has strengthened further. 

 

There has been no significant change in the financial position of the Group since 30 June 2011.

 

Enquiries:

 

 

Molins PLC

 

Tel: +44(0)1908 246870

Dick Hunter, Chief Executive

 

 

David Cowen, Group Finance Director        

 

 

Collins Stewart Europe Limited

 

Tel: +44(0)20 7523 8350

 

Matt Goode

 

Rishi Shah

 

 

Interim Management Statement

Molins PLC, the international specialist engineering group, is holding its Annual General Meeting today and is issuing its interim management statement covering the period from 1 January 2011, the start of the Company’s financial year, to date.

 

Group sales in the first part of the year were broadly in line with internal plans and at similar levels to the equivalent period in the prior year.  Operating performance has also been broadly in line with expectations to date.  Order levels in the full year are expected to be in line with those included in the Group’s internal plans and the board’s expectations of Group performance in the full financial period remain unchanged.

 

There has been no significant change in the financial position of the Group since 31 December 2010.

 

Enquiries:

 

 

Molins PLC

 

Tel: +44(0)1908 246870

Dick Hunter, Chief Executive

 

 

David Cowen, Group Finance Director       

 

 

Collins Stewart Europe Limited

 

Tel: +44(0)20 7523 8350

 

Matt Goode

 

Rishi Shah