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Chemring Group PLC (CHG.L)

CHG.L on London Stock Exchange

181.00GBp
12 Nov 2018
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Latest Key Developments (Source: Significant Developments)

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 Group says FY trading expectations remain unchanged
Friday, 17 Mar 2017 

Chemring Group Plc : Order intake in first four months of year was in line with board's expectations at £127.4m . Revenue during four month period to 26 february 2017 was £145.6m .Expectations for trading for full year remain unchanged.  Full Article

Chemring wins a contract from the U.S. Army
Monday, 13 Feb 2017 

Chemring Group Plc : Contract award . Has received a contract from U.S. Army for ten ground penetrating radar trial systems .Evaluation of this new capability, if successful, could lead to upgrades of U.S. Army HMDS inventory.  Full Article

Chemring sticks by expectations for the current full year
Thursday, 19 Jan 2017 

Chemring Group Plc : FY underlying pretax profit from continuing operations rose 71.7 percent to 34 million stg . FY revenue from continuing operations 477.1 million stg versus 377.3 million stg year ago . Total dividend 1.3 pence per share . Operational and financial performance improved in h2 with strong 40mm volumes and favourable currency impact . Net debt reduced to 87.6 million stg; net debt to EBITDA at 1.15x . Order book at year end of 592.9 million stg (2015: 569.6 million stg), of which 368.0 million stg is currently expected to be recognised as revenue in FY17 . Board recommending a final dividend of 1.3p per share (2015: nil) . Board's expectations for FY17 are unchanged, based on current FX rates . Trading since start of FY17 has been in line with expectations across all businesses .Continues to expect FY17 to reflect a significant second-half weighting in profitability.  Full Article

Chemring working on restart of CCM factory after blast

Defence contractor Chemring Group Plc said on Tuesday it was working with regulators on a plan to restart its Chemring Countermeasures (CCM) factory after an explosion last month that killed one employee and injured another.