Corporate News

Interim Management Statement October 2009

This statement is issued in accordance with the requirements of the Disclosure and Transparency Rules and relates to the period from 1 July 2009. Overall the Group continues to trade in line with the board’s expectations at the beginning of the year.

 

As commented on 28 August 2009, the date the Group announced its results for the six months ended 30 June 2009, performance in both the Tobacco Machinery and Scientific Services divisions was ahead of the board’s expectations, and trading since then has continued to progress satisfactorily.

 

Trading conditions in the Packaging Machinery division remain challenging, with order intake not showing any immediate signs of improvement.

 

The financial position of the Group is broadly comparable with that at 30 June 2009. The balance sheet includes the valuation of the UK defined benefit pension scheme which by its nature is prone to potentially significant changes driven by factors outside the control of the Company. A formal actuarial valuation of the scheme as at 30 June 2009 is being carried out. This valuation, which will take a number of months to complete, will provide the framework for determining the level of funding that the Company will be committed to paying to the scheme to recover any deficit that may exist.

 

Enquiries:

 

 

Molins PLC

 

Tel: +44(0)1908 246870

Dick Hunter, Chief Executive

 

 

David Cowen, Group Finance Director      

 

 

Citigate Dewe Rogerson

 

Tel: +44(0)20 7638 9571
Angharad Couch  

Interim Management Statement April 2009

Molins PLC, the international specialist engineering group, is holding its Annual General Meeting today.

 

This statement is issued in accordance with the UK Listing Authority’s Disclosure and Transparency Rules and relates to the period from 1 January 2009, the start of the Company’s financial year.

 

Sales in the first quarter of the year were in line with internal plans and at similar levels to the equivalent period in the prior year.

 

The operating performance of the Group also met the board’s expectations in the first quarter.

 

Order intake overall is ahead of the comparable period last year but it is apparent that, particularly within the Packaging Machinery division, customers continue to defer purchasing decisions.

 

The board’s expectations of Group performance in the year have not changed since the publication of the annual report in February 2009.

 

The financial position of the Group is broadly comparable with that at 31 December 2008. The balance sheet includes the valuation of the UK defined benefit pension scheme which by its nature is prone to potentially significant changes driven by factors outside the control of the Company. A formal actuarial valuation of the scheme is due to be carried out as at 30 June 2009 which, when completed and agreed, will set the funding requirements.

 

Enquiries:

 

 

Molins PLC

 

Tel: +44(0)1908 246870

Dick Hunter, Chief Executive

 

 

David Cowen, Group Finance Director     

 

 

Citigate Dewe Rogerson

 

Tel: +44(0)20 7638 9571
Angharad Couch