Corporate News

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

 

Board Changes March 2011

Molins PLC, the international specialist engineering company, is pleased to announce the appointment of Philip Moorhouse as a non-executive director of the Company, Chairman of the Audit Committee and Senior Independent Director with effect from today’s date, following the resignation of John Allkins as a non-executive director of the Company, also effective today.


Mr Moorhouse was formerly a director of Northgate PLC.


There are no further matters to be disclosed in relation to this appointment pursuant to 9.6.13 of the FSA Listing Rules.


For further information please contact:

 

Molins PLC

                                                                    

Tel: +44(0)1908 246870

Avril Palmer-Baunack, Chairman

 

 
Dick Hunter, Chief Executive  

 

 

 

 

 

Appointment of Collins Stewart Europe Limited

Molins PLC is pleased to announce the appointment of Collins Stewart Europe Limited as Financial Adviser and sole Corporate Broker to the Company with immediate effect.

 

For further information please contact:

 

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