Corporate News

Interim Management Statement

Molins PLC, the international specialist engineering and services company, is holding its Annual General Meeting today and is issuing its interim management statement covering the period from 1 January 2013, the start of the Company’s financial year, to date.

 

Both order intake and the Group’s order book, for delivery this year, are ahead of the same period last year.  Sales and performance have been in line with the board’s expectations.

 

The Food & Drug Administration, which regulates tobacco products in the USA, has yet to publish guidance in respect of its reporting requirements for tobacco products.  Within the Group’s Scientific Services division the USA laboratory business is well placed to respond to market demand as testing is required and the instrumentation business is benefitting from a particularly strong start to the year.

 

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 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  

Director Declaration

Molins PLC, in accordance with the requirement of Listing Rule 9.6.14(2), announces that Avril Palmer-Baunack, a non-executive director and Chairman of the Board, has been appointed Executive Chairman of Stobart Group Limited with effect from 21 January 2013.

 

Enquiries:

 

 

Molins PLC

 

Tel: +44(0)1908 246870

Sara Cannon, Secretary                             

 

 

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