Corporate News

2016 Final Results Announcement

2016 Final Results Announcement

 

 Molins _thumb

Trading Update

Molins PLC, the international engineering and services company, announces the following trading update for the financial year to 31 December 2016.

 

Trading to date in the final quarter has been materially lower than expected, partially due to an unfavourable sales mix and a number of deliveries delayed into the early part of 2017.  As a result the Board is revising downwards its expectation of full year performance.

 

However order intake in the last three months has been positive, at an increase of 80% over the same period last year, with the Packaging Machinery businesses in particular benefiting from a strong period of conversion of prospects.  The consequence of this recent order activity is that the Group is expected to enter 2017 with a significantly higher order book than it had entering 2016.

 

The development of the Group’s strategic plan is continuing positively.  This review is aimed at ensuring the Group is in the best position to serve its customers, and is focused on market opportunities and operational efficiency.  The outcome of this review is expected to be presented in Q1 2017.

 

 

Enquiries:

 

Molins PLC

Tel: +44 (0)1908 246870

Tony Steels, Chief Executive

David Cowen, Group Finance Director

 

Panmure Gordon (UK) Limited (NOMAD)

Tel: +44 (0)20 7886 2500

Andrew Potts / Peter Steel – Corporate Finance

Tom Salvesen – Corporate Broking

 

KTZ Communications

Tel: +44 (0)20 3178 6378

Katie Tzouliadis, Viktoria Langley, Emma Pearson

Half Year Announcement 2016

Click on the following link to view our Half-year report for the six months ended 30 June 2016: Half Year Announcement 2016

Director Dealings and Holdings in Company - 25 May 2016

The Board announces that on 25 May 2016 the following transactions were undertaken by Phil Moorhouse, Chairman and David Cowen, Group Finance Director in the Company’s Ordinary Shares of 25 pence each (“Ordinary Shares”):

 

  • Mr Moorhouse bought 20,000 Ordinary Shares, which is his first holding in the Company’s Ordinary Shares, and represents 0.1% of the Company’s issued share capital.

 

  • Mr Cowen exercised in full a conditional grant over Ordinary Shares awarded on 27 February 2013 under the Molins PLC Deferred Share Plan.  Upon exercise, the Molins PLC Employee Trust transferred 46,600 Ordinary Shares to Mr Cowen, 23,300 of which were then sold in the open market.  Mr Cowen’s beneficial interest following this transaction has increased to 123,519 Ordinary Shares, representing 0.6% of the Company’s issued share capital. 

 

All transactions were completed at a price of 59.5 pence per Ordinary Share.  

For further information, please contact:

 

Molins PLC Tel: +44(0)1908 246870
David Cowen, Group Finance Director  
Sara Cannon, Company Secretary  
   
Panmure Gordon (UK) Limited (NOMAD) Tel: +44(0)20 7886 2500

Andrew Potts/ Peter Steel – Corporate Finance

 
Tom Salvesen – Corporate Broking  
   
KTZ Communications Tel: +44(0)20 3178 6378
Katie Tzouliadis, Viktoria Langley, Emma Pearson