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Chemring Group PLC (CHG.L)

CHG.L on London Stock Exchange

149.00GBp
24 May 2019
Change (% chg)

2.80 (+1.92%)
Prev Close
146.20
Open
153.40
Day's High
153.40
Day's Low
147.00
Volume
77,534
Avg. Vol
175,742
52-wk High
239.50
52-wk Low
134.00

Latest Key Developments (Source: Significant Developments)

Chemring Group Sticks To Its Full Year Expectations
Friday, 10 May 2019 

May 10 (Reuters) - Chemring Group PLC ::CHEMRING GROUP PLC - POST CLOSE STATEMENT AND CONTRACT WIN.CHEMRING GROUP PLC - BOARD'S FULL YEAR EXPECTATIONS FOR 2019 ARE UNCHANGED.CHEMRING- H1/H2 WEIGHTING OF CONTINUING UNDERLYING OPERATING PROFIT FOR 2019 IS NOW EXPECTED TO BE APPROXIMATELY 30%:70% (PREVIOUS GUIDANCE 15%:85%).CHEMRING GROUP PLC - AUSTRALIAN SUBSIDIARY HAS BEEN AWARDED TWO SIGNIFICANT CONTRACTS.  Full Article

Chemring Says FY Expectations Unchanged
Thursday, 21 Mar 2019 

March 21 (Reuters) - Chemring Group PLC ::AGM TRADING UPDATE.FULL YEAR EXPECTATIONS ARE UNCHANGED.GROUP NOW EXPECTS A MORE SIGNIFICANT SECOND-HALF WEIGHTING TO REVENUE, UNDERLYING OPERATING PROFIT (15%:85%) AND CASH.EXPECTED DELIVERIES IN SECOND HALF ARE WELL COVERED BY GROUP'S CURRENT ORDER BOOK.  Full Article

Chemring Group To Exit Commoditised Energetics Businesses
Thursday, 15 Nov 2018 

Nov 15 (Reuters) - Chemring Group PLC ::UNDERLYING TRADING FOR FY18 WAS IN LINE WITH EXPECTATIONS.FY18 YEAR-END ORDER BOOK WAS £462M, OF WHICH £68M RELATE TO DISCONTINUED ACTIVITIES.ALSO TOOK DECISION TO REVIEW NUMBER OF BALANCE SHEET ITEMS, WHICH ARE NO LONGER CONSIDERED FULLY RECOVERABLE.STRATEGIC DECISION TO EXIT FROM COMMODITISED ENERGETICS BUSINESSES AND TREAT AS DISCONTINUED ACTIVITIES.ON-GOING GROUP ORDER BOOK AT 31 OCTOBER 2018 WAS £394M (2017: £325M).  Full Article

Chemring Group Says H1 Underlying Pretax Profit From Cont Ops Of 14.8 Mln Pounds
Thursday, 21 Jun 2018 

June 21 (Reuters) - Chemring Group PLC ::H1 REVENUE 229.3 MILLION STG.H1 UNDERLYING PRETAX PROFIT FROM CONTINUING OPERATIONS 14.8 MILLION STG.INTERIM DIVIDEND 1.1 PENCE PER SHARE.BOARD'S EXPECTATIONS FOR FY 2018 REMAIN UNCHANGED.ORDER INTAKE IN H1 OF £208M (H1 2017: £218M).MARKET CONDITIONS AND BUSINESS PERFORMANCE IN FIRST HALF OF 2018 CONTINUED TO STRENGTHEN, WITH MARGINS AND EARNINGS IMPROVING ACROSS GROUP.EXPECT STRONG TREND TO CONTINUE AS IMPACT OF SIGNIFICANT INCREASES TO US DEFENSE BUDGET START TO FLOW THROUGH.EXPECT A STRONGER CONTRIBUTION FROM COUNTERMEASURES AND SCHEDULED REDUCTIONS IN ENERGETICS.  Full Article

Chemring Group Says Board's Expectations For Trading For Full Year Remain Unchanged
Tuesday, 20 Mar 2018 

March 20 (Reuters) - Chemring Group Plc ::GROUP CONTINUES TO SEE GRADUAL RECOVERY ACROSS ALL ITS MARKET SEGMENTS, LED PRIMARILY BY US​.‍LATEST US BUDGET SHOULD PROVIDE SIGNIFICANT STABILITY FOR US MILITARY SPENDING​.‍BOARD'S EXPECTATIONS FOR TRADING FOR FULL YEAR REMAIN UNCHANGED FROM GUIDANCE GIVEN AT GROUP'S FULL YEAR RESULTS IN JANUARY 2018​.  Full Article

Chemring Group sees trading performance for year to Oct 31 to be slightly ahead of board's expectations
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - CHEMRING GROUP PLC ::‍GROUP'S TRADING PERFORMANCE FOR YEAR TO 31 OCTOBER IS EXPECTED TO BE SLIGHTLY AHEAD OF BOARD'S EXPECTATIONS.​.‍FULL YEAR REVENUE OF £547M, AN INCREASE OF 15% ON PRIOR YEAR​.‍GROUP'S ORDER BOOK AT 31 OCTOBER 2017 WAS £478M​.  Full Article

Chemring Group announces contract update
Friday, 6 Oct 2017 

Oct 6 (Reuters) - Chemring Group Plc :CONTRACT UPDATE.‍CASH ADVANCE PAYMENT AND EXPORT LICENCES ASSOCIATED WITH $30.0 MILLION CONTRACT TO SUPPLY 40MM AMMUNITION HAVE NOW BEEN RECEIVED​.‍BOARD'S EXPECTATIONS FOR FY 2017 FULL YEAR PERFORMANCE REMAIN UNCHANGED​.  Full Article

Chemring says expectations for year to Oct.31 unchanged
Tuesday, 5 Sep 2017 

Sept 5 (Reuters) - Chemring Group Plc :TRADING UPDATE FOR FOUR MONTH PERIOD FROM 1 MAY TO 31 AUGUST 2017.REVENUE IN 4 MONTH PERIOD WAS £156.7 MILLION, AN INCREASE OF 13.4% COMPARED WITH £138.2 MILLION IN SAME PERIOD LAST YEAR.TRADING IN PERIOD HAS PROGRESSED AS PLANNED AND BOARD'S CURRENT EXPECTATIONS FOR YEAR ENDING 31 OCTOBER 2017 REMAIN UNCHANGED.GROUP'S ORDER BOOK AT 31 AUGUST 2017 WAS £541.8 MILLION, 2.6% LOWER THAN ORDER BOOK OF £556.2 MILLION AT 30 APRIL 2017.RECENT ORDERS RECEIVED, FOR DELIVERY IN FY18, GIVE US INCREASED CONFIDENCE IN GROUP'S PROSPECTS IN NEAR TERM..PERIOD HAS SEEN A PARTICULARLY STRONG PERFORMANCE FROM COUNTERMEASURES SEGMEN.NET DEBT AT 31 AUGUST 2017 WAS £125.8 MILLION (30 APRIL 2017: £111.7 MILLION).AS EXPECTED, FORECAST PHASING OF TRADING IN FY17 RESULTS IN A WEIGHTING OF OPERATING CASH GENERATION TO Q4.IS CURRENTLY AWAITING RECEIPT OF CASH ADVANCE PAYMENT AND ASSOCIATED EXPORT LICENCES, WHICH ARE EXPECTED SHORTLY.  Full Article

Chemring awarded $28 mln contract
Monday, 31 Jul 2017 

July 31 (Reuters) - CHEMRING GROUP PLC ::CHEMRING GROUP PLC - CONTRACT AWARD.AWARDED A US$28 MILLION CONTRACT BY US ARMY GARRISON AT ROCK ISLAND ARSENAL.DELIVERIES AGAINST THIS CONTRACT WILL BE MADE IN FY17 AND FY18.  Full Article

Chemring sees modest growth in global defence spending in coming years
Thursday, 22 Jun 2017 

June 22 (Reuters) - Chemring Group Plc :H1 revenue 249.6 million stg.Interim dividend 1 penceper share.Has had a solid first half year, in line with expectations, continuing performance of second half of last year.H1 revenue increased by 38.6 pct to 249.6 mln stg (H1 2016: 180.1 mln stg, 2016: 477.1 mln stg) and underlying operating profit was 17.2 mln stg (H1 2016: 3.8 mln stg, 2016: 48.5 mln stg).First half saw a good performance from energetics segment, driven by continued consistency of operational performance across segment.Order book at 30 April 2017 was 556.2 mln stg (H1 2016: 591.3 mln stg, 2016: 592.9 mln stg), of which approximately 260 mln stg is scheduled for delivery during H2 FY2017.Outlook for global defence spending is therefore expected to be one of modest growth in coming years.Outlook for U.S. spending is positive.New U.S. Administration looks to significantly modernise and invest in defence capabilities; signalling a 4-5 pct increase in expenditure over coming years.Also declared an interim dividend in respect of 2017 of 1.0p per ordinary share, which will be paid on 15 September 2017.  Full Article

Chemring first half boosted by early insurance payouts

Defence contractor Chemring Group Plc raised its expectations for first half operating profit on Friday, citing faster payouts by insurers for an explosion at its UK military hardware factory that has crippled production.