Morgan Advanced Materials plc Trading Update
Trading is in-line with the expectations of the company – the outlook for the full year is unchanged. Sales for the ten months to October 2017 were 1,0 % higher for the group, on an organic constant currency basis, compared to the first ten months of last year. For the period from July to October, the group continued to make progress, with organic constant currency sales growth improving to 2,3 %, compared to the same period last year. This reflects an acceleration in the growth rate in the Carbon and Technical Ceramics division since the half year. By business, the organic constant currency trends for the ten months compared to prior year are as follows: sales for the Thermal Products division were 2,1 % lower than the prior year, with declines in Europe and North America. Within the Carbon and Technical Ceramics division sales were 5,6 % higher than last year, with growth in Electrical Carbon, Seals and Bearings and Technical Ceramics.