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Chemring Group PLC (CHG.L)

CHG.L on London Stock Exchange

270.00GBp
23 Oct 2020
Change (% chg)

3.00 (+1.12%)
Prev Close
267.00
Open
268.50
Day's High
278.50
Day's Low
266.50
Volume
226,552
Avg. Vol
258,936
52-wk High
288.00
52-wk Low
145.80

Latest Key Developments (Source: Significant Developments)

Chemring H1 Pretax Profit From Continuing Operations 24.2 Mln Stg
Wednesday, 3 Jun 2020 

June 3 (Reuters) - Chemring Group PLC ::H1 UNDERLYING PRETAX PROFIT FROM CONTINUING OPERATIONS 24.2 MILLION STG.HY CONTINUING OPERATIONS REVENUE 191.0 MILLION STG VERSUS 139.3 MILLION STG AS REPORTED A YEAR EARLIER.HY CONTINUING OPERATIONS UNDERLYING PROFIT BEFORE TAX 24.2 MILLION STG VERSUS 9.9 MILLION STG AS REPORTED A YEAR EARLIER.H1 PERFORMANCE WAS AHEAD OF OUR EXPECTATIONS.ALL OUR BUSINESSES HAVE REMAINED OPEN DESPITE CHALLENGES CAUSED BY COVID-19.LIQUIDITY IMPROVED AS A RESULT OF OBTAINING AN ADDITIONAL SHORT TERM FACILITY FOR £100M, OF WHICH £50M HAS BEEN DRAWN.FULL YEAR EXPECTATIONS ARE UNCHANGED, DESPITE CHALLENGING ENVIRONMENT.APPROXIMATELY 95% OF EXPECTED H2 REVENUE IS IN ORDER BOOK OR HAS BEEN DELIVERED TO DATE.NET DEBT AT 30 APRIL 60.6 MILLION STG.DECLARED AN INTERIM DIVIDEND IN RESPECT OF 2020 FINANCIAL YEAR OF 1.3P PER ORDINARY SHARE.  Full Article

Chemring Group Says Shareholders Approve FY19 Final Dividend Payment
Tuesday, 14 Apr 2020 

April 14 (Reuters) - Chemring Group PLC ::CHEMRING GROUP PLC - GROUP'S FY19 FINAL DIVIDEND OF 2.4P (£6.7M) WAS APPROVED BY SHAREHOLDERS AT ANNUAL GENERAL MEETING ON 4 MARCH 2020.CHEMRING GROUP - DURATION AND IMPACT OF CV-19 ACROSS HOME MARKETS IS AT THIS STAGE UNKNOWN.CHEMRING GROUP - COMMITTED REVOLVING CREDIT FACILITIES TOTALING APPROXIMATELY £150M.CHEMRING GROUP - REVOLVING CREDIT FACILITIES MATURE IN OCTOBER 2022, WITH A TWO-YEAR EXTENSION OPTION.  Full Article

Chemring Group Says Current Trading Has Been In Line With Co's Expectations In Both Segments
Wednesday, 4 Mar 2020 

March 4 (Reuters) - Chemring Group PLC ::CHEMRING GROUP PLC - AGM TRADING UPDATE.BOARD'S EXPECTATIONS FOR CURRENT YEAR ARE UNCHANGED.CURRENT TRADING HAS BEEN IN LINE WITH OUR EXPECTATIONS IN BOTH SEGMENTS.COVID-19 OUTBREAK IS NOT CURRENTLY HAVING ANY MATERIAL IMPACT ON OUR BUSINESSES OR THEIR SUPPLY CHAINS.CONTINUING ORDER INTAKE IN PERIOD TO 29 FEBRUARY 2020 WAS £132M (2019: £120M).NET DEBT AT 29 FEBRUARY 2020 WAS £85.9M (28 FEBRUARY 2019: £84.4M; 31 OCTOBER 2019: £75.7M).  Full Article

Chemring Group Says Nigel Young Resigns As Non-Executive
Monday, 16 Dec 2019 

Dec 16 (Reuters) - Chemring Group PLC ::CHEMRING GROUP PLC - DIRECTORATE CHANGES.CHEMRING - NIGEL YOUNG, WHO HAS SERVED AS A NON-EXECUTIVE DIRECTOR FOR NEARLY SEVEN YEARS, HAS INDICATED HIS INTENTION TO RETIRE ON 30 APRIL 2020.  Full Article

Chemring Group Says Co's Expectations For FY20 Trading Performance Remain Unchanged
Monday, 16 Dec 2019 

Dec 16 (Reuters) - Chemring Group PLC ::FY REVENUE FROM CONTINUING OPERATIONS ROSE 12.7 PERCENT TO 335.2 MILLION STG.FY STATUTORY OPERATING PROFIT FROM CONTINUING OPERATIONS WAS £31.3M (2018: £15.9M LOSS).FY UNDERLYING PROFIT BEFORE TAX FROM CONTINUING OPERATIONS OF £39.4M (2018: £24.9M)..FOREIGN EXCHANGE TRANSLATION HAS PROVIDED A MINOR TAILWIND ON REVENUE AND PROFIT.BOARD'S EXPECTATIONS FOR FY20 TRADING PERFORMANCE REMAIN UNCHANGED, WITH USUAL SEASONAL H2 WEIGHTING.GROUP HAS PERFORMED SLIGHTLY AHEAD OF BOARD'S INITIAL EXPECTATIONS, AS ANNOUNCED ON 1 NOVEMBER 2019.NET DEBT DECREASED YEAR ON YEAR.BOARD RECOMMENDING A FINAL DIVIDEND OF 2.4P PER ORDINARY SHARE.GROUP'S ORDER BOOK AT 31 OCTOBER 2019 WAS £449M (2018: £394M).DESPITE SOME OPERATIONAL CHALLENGES IN FIRST HALF OF YEAR, OVERALL PERFORMANCE FOR YEAR WAS IN LINE WITH OUR EXPECTATIONS.WILL CONTINUALLY REVIEW PORTFOLIO.WE WOULD EXIT COMMODITISED ENERGETICS BUSINESSES, LOCATED IN DERBY AND FLORIDA.WOULD BE REORGANISED UNDER TWO BUSINESS SECTORS, SENSORS & INFORMATION AND COUNTERMEASURES & ENERGETICS.2020 TRADING PERFORMANCE FOR SENSORS & INFORMATION IS EXPECTED TO SHOW A CONTINUATION OF LEVELS OF BUSINESS SEEN IN 2019..TAKING STEPS TO CONSOLIDATE OUR THREE GEOGRAPHICAL COUNTERMEASURES BUSINESSES INTO A SINGLE, GLOBAL STRUCTURE.TRADING SINCE START OF CURRENT FINANCIAL YEAR HAS BEEN IN LINE WITH EXPECTATIONS ACROSS ALL BUSINESSES.EXPECTS ITS TRADING PERFORMANCE TO BE WEIGHTED TOWARDS SECOND HALF OF FINANCIAL YEAR.  Full Article

Chemring Group Announces Sale Of Its U.S. Unit To Nammo Defense Systems
Thursday, 21 Nov 2019 

Nov 21 (Reuters) - Chemring Group PLC ::CHEMRING GROUP - ENTERED INTO FOR SALE OF ITS U.S. UNIT CHEMRING ORDNANCE, INC TO NAMMO DEFENSE SYSTEMS FOR A CASH CONSIDERATION OF $17 MILLION.CHEMRING GROUP PLC SAYS CONSIDERATION WILL BE PAID IN CASH ON COMPLETION, SUBJECT TO A WORKING CAPITAL ADJUSTMENT.CHEMRING GROUP PLC SAYS PROCEEDS AFTER COSTS WILL BE USED BY GROUP FOR GENERAL CORPORATE PURPOSES.  Full Article

Chemring Group Says Net Debt At Year End Is Now Expected To Be About £76 Mln
Friday, 1 Nov 2019 

Nov 1 (Reuters) - Chemring Group PLC ::CHEMRING GROUP PLC - CONTRACT AWARD AND YEAR-END UPDATE.CHEMRING GROUP PLC - BOARD'S EXPECTATIONS ARE NOW FOR ADJUSTED OPERATING PROFIT TO BE SLIGHTLY AHEAD OF EXPECTATIONS FOR YEAR.CHEMRING GROUP PLC - NET DEBT AT YEAR END IS NOW EXPECTED TO BE APPROXIMATELY £76M.RECEIPT OF A CONTRACT AWARD FOR A FURTHER 75 UNITS UNDER US DOD'S COMPETITIVE AVCAD PROGRAM OF RECORD.  Full Article

Chemring Wins Four U.S. Navy, Air Force Contracts
Wednesday, 11 Sep 2019 

Sept 11 (Reuters) - Chemring Group PLC ::CONTRACT AWARDS.HAS BEEN AWARDED FOUR CONTRACTS TO SUPPLY COUNTERMEASURES IN SUPPORT OF US NAVY AND US AIR FORCE.FIRST CONTRACT, WHICH IS FOR MANUFACTURE AND DELIVERY OF MJU-64/B INFRARED DECOYS FOR US NAVY, IS VALUED AT $4.2 MILLION.THESE CONTRACTS ALSO COMPLETE REQUIRED FY19 ORDER INTAKE IN OUR COUNTERMEASURES SEGMENT AND PROVIDE A STRONG PLATFORM FOR FY20.  Full Article

Chemring Says Current FY Expectations Unchanged
Wednesday, 11 Sep 2019 

Sept 11 (Reuters) - Chemring Group PLC ::TRADING UPDATE.TRADING IN PERIOD HAS PROGRESSED AS PLANNED.CURRENT EXPECTATIONS FOR YEAR ENDING 31 OCTOBER 2019 REMAIN UNCHANGED.GROUP'S ORDER BOOK (CONTINUING OPERATIONS) AT 31 AUGUST 2019 WAS £480M.PROCESS TO EXIT GROUP'S ONE REMAINING COMMODITISED ENERGETICS BUSINESS IN FLORIDA IS ONGOING.OVERALL, HAVE GOOD MOMENTUM AS CO HEADS TO YEAR END AND START OF FY20.  Full Article

Chemring Group Announces Disposal Of Chemring Defence
Monday, 24 Jun 2019 

June 24 (Reuters) - Chemring Group PLC ::CHEMRING GROUP PLC - DISPOSAL OF CHEMRING DEFENCE.PROPOSED DEAL FOR NOMINAL CASH CONSIDERATION.PROCESS TO EXIT GROUP'S REMAINING COMMODITISED ENERGETICS BUSINESS IN FLORIDA IS ONGOING.ANNOUNCES COMPLETION OF SALE OF MILITARY PYROTECHNICS BUSINESS CHEMRING DEFENCE UK TO PWD GROUP.  Full Article

UPDATE 1-Chemring expects to meet top-end of annual profit view; order intake rises

Sept 15 British defence contractor Chemring Group said on Tuesday it expects to meet the upper end of current analyst expectations for the full year, driven by strong performance in its sensors unit.