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United Kingdom

Chemring Group PLC (CHG.L)

CHG.L on London Stock Exchange

173.20GBp
18 Jan 2018
Change (% chg)

-5.00 (-2.81%)
Prev Close
178.20
Open
185.40
Day's High
186.40
Day's Low
167.20
Volume
1,023,209
Avg. Vol
402,975
52-wk High
208.00
52-wk Low
162.00

Latest Key Developments (Source: Significant Developments)

Chemring Says FY Revenue rises to 547.5 Mln Stg
7:00am GMT 

Jan 18 (Reuters) - Chemring Group Plc ::FY UNDERLYING PRETAX PROFIT ROSE 30 PERCENT TO 44.1 MILLION STG.FY REVENUE FROM CONTINUING OPERATIONS 547.5 MILLION STG VERSUS 477.1 MILLION STG YEAR AGO.FINAL DIVIDEND 2 PENCE PER SHARE.TOTAL DIVIDEND 3 PENCE PER SHARE.‍FY18 TRADING PERFORMANCE FOR COUNTERMEASURES IS EXPECTED TO BE POSITIVE, ALBEIT WITH A SIGNIFICANT BIAS TOWARDS SECOND HALF​.  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 wins A$18 mln contract from Australian department of defence
Thursday, 29 Sep 2016 

Chemring Group Plc : Contract win . Chemring australia has been awarded an a$18 million contract by Australian department of defence . Up to 50 man-portable systems will be delivered during first 18 months of contract .Contract to supply chemring's resolve 3 electronic warfare manpack system.  Full Article

Chemring FY trading expectations remain unchanged
Wednesday, 31 Aug 2016 

Chemring Group Plc : Expectations for FY16 full year trading remain unchanged . Revenue in three month period to 31 July 2016 was £109.1 million, an increase of 20.2 pct compared with £90.8 million in same period last year . Group's order book at 31 July 2016 was £665.9 million, 12.6 pct higher than order book of £591.3 million at 30 April 2016 . Net debt at 31 July 2016 was £147.0 million (30 April 2016: £114.4 million) . Recent weakening of sterling, principally against us dollar, accounts for £50.5 million of growth in order book . Trading on 40mm ammunition contract to an end user in Middle East is progressing in line with our expectations . Received a $3.1 million research and development contract for US next generation chemical detection program of record . Order book at 31 July 2016 was £665.9 million, 12.6 pct higher than order book of £591.3 million at 30 April 2016 . Recent weakening of sterling, principally against US dollar, accounts for £50.5 million of growth in order book . Net debt at 31 July 2016 was £147.0 million (30 April 2016: £114.4 million) .Has now been agreed that Steve will leave group on 30 Sept 2016 and his role will be covered on an interim basis by Andrew Davies, deputy group finance director.  Full Article

Chemring Finance Director Steve Bowers to step down
Wednesday, 29 Jun 2016 

Chemring Group Plc : Steve Bowers, group finance director, has informed board of his intention to leave group to take up an appointment as chief financial officer of Herbert Smith Freehills. .Steve will remain with Chemring to effect an orderly transition..  Full Article

Chemring group H1 revenue up 11.4 pct to 180.1 mln stg
Tuesday, 21 Jun 2016 

Chemring Group Plc : H1 revenue 180.1 mln stg versus 161.7 mln stg year ago . H1 underlying loss before tax 4.0 mln stg versus 1.3 mln stg a year ago . H1 order book increased to 591.3 mln stg . FY16 full year anticipated to be slightly below market expectations . Board's current order book assessment is that FY16 out-turn is likely to be slightly below market expectations .H1 revenue rose 11.4 pct to 180.1 mln stg.  Full Article

Chemring Group PLC appoints chairman designate
Tuesday, 19 Apr 2016 

Chemring Group PLC:Announce the appointment of Carl-Peter Forster as an independent non-executive director and Chairman-designate.Carl-Peter joins the Board with effect from 1 May 2016 and will succeed Peter Hickson as Chairman of the Board following Peter's retirement on 1 July 2016.  Full Article

UK fraud office launches corruption investigation into Chemring

LONDON British prosecutors have opened a bribery, corruption and money laundering investigation into defence and security solutions company Chemring Group Plc , one of its subsidiaries and individuals associated with the businesses.