PDF format - Chemring Group PLC
PDF format - Chemring Group PLC PDF format - Chemring Group PLC
RESULTS FOR THE HALF YEAR TO 30 APRIL 20072007 2006 % increase£m £mContinuing operations:Revenue 106.8 82.6 29Underlying operating profit* 23.3 14.7 59Finance expense (3.0) (2.6)Underlying profit before tax* 20.3 12.1 68Underlying earnings per share* 42.2p 27.2p 55Basic earnings per share (continuing) 40.7p 26.5p 54* See Note 2 belowKen Scobie, Chemring Group Chairman, commented:“The prospects for both our divisions remain excellent. We have a record order book of £293million and the order book for our Energetics division is running ahead of theCountermeasures division for the first time.The unstable political climate in the Middle East and other parts of the world continues todrive peacekeeping operations and the consequent demand for our products. The FY08 USdefence budget proposals include significant growth in the funding potentially allocated todecoy programmes. The vulnerability of helicopters and transport aircraft to shoulderlaunchedmissiles of increasing sophistication provides a secure future for ourCountermeasures business. In Energetics, the growing order book and rapidly improvingmargins are most encouraging, and our ability to generate organic growth and leverage ourinternational presence within a £4.5 billion Energetics market provides growing confidence inthe potential for this business. Against this background and recognising the opportunities forfurther complementary acquisitions, the future for the Group is enormously encouraging.”2
Notes:1. All comparisons are for the half year to 30 April 2006.2. Excludes intangible amortisation arising from business combinations of £0.7 million(2006: £0.3 million). Underlying earnings per share is reconciled to basic earnings pershare in note 4 of the interim statement.3. The interim dividend of 7.20p per ordinary share will be paid on 27 July 2007 to holderson the register at 6 July 2007. The ex-dividend date will be 4 July 2007.For further information:David Price Chief Executive, Chemring Group PLC 0207 930 0777Paul Rayner Finance Director, Chemring Group PLC 0207 930 0777Rupert Pittman Cardew Group 0207 930 07773
- Page 1: FOR IMMEDIATE RELEASE 26 June 2007C
- Page 5 and 6: The Board deems it appropriate that
- Page 7 and 8: PEOPLEThe Group continues to search
- Page 9 and 10: CONSOLIDATED STATEMENT OF RECOGNISE
- Page 11 and 12: UNAUDITED CONSOLIDATED CASH FLOW ST
- Page 13 and 14: INDEPENDENT REVIEW REPORTTo Chemrin
- Page 15 and 16: 4. EARNINGS PER SHAREEarnings per s
- Page 17 and 18: 7. ACQUISITIONS (cont.)**Prior peri
Notes:1. All comparisons are for the half year to 30 April 2006.2. Excludes intangible amortisation arising from business combinations of £0.7 million(2006: £0.3 million). Underlying earnings per share is reconciled to basic earnings pershare in note 4 of the interim statement.3. The interim dividend of 7.20p per ordinary share will be paid on 27 July 2007 to holderson the register at 6 July 2007. The ex-dividend date will be 4 July 2007.For further in<strong>format</strong>ion:David Price Chief Executive, <strong>Chemring</strong> <strong>Group</strong> <strong>PLC</strong> 0207 930 0777Paul Rayner Finance Director, <strong>Chemring</strong> <strong>Group</strong> <strong>PLC</strong> 0207 930 0777Rupert Pittman Cardew <strong>Group</strong> 0207 930 07773
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