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- 22 February 2012
Posted by: Helen Carey tags:
The Morgan Crucible Company plc- Full Year Results For The Period Ended 1st January 2012
15 Feb 2012 - for full results please click the link- Full Report
•Record levels of both revenue, up 8.2%, and underlying operating profit, up 39.3%
•Strong performance in both Divisions, Ceramics and Engineered Materials each achieving margins of over 13%
•Underlying EPS increased by 59.9% to 29.9 pence per share (2010: 18.7 pence)
•Net debt at year end of £215.4m (2010: £236.2m), improving net debt to EBITDA ratio to 1.2 times (2010: 1.7 times)
•Proposed final dividend increased by 20.0% to 6.0 pence (2010: Final 5.0 pence), giving a full year dividend of 9.25 pence (2010: 7.70 pence)
•Revenue from dynamic growth economies such as China and India increased by 23% and now represents c.25% of total Group revenue
•Significant progress towards the three-year goals of doubling underlying PBT, achieving mid-teen profit margins and improving Operating ROCE to 35%
For further information about Morgan AM&T please contact Helen Carey on 01792 763029 or by email helen.carey@morganplc.com
About Morgan AM&T
Morgan AM&T is an advanced materials and technology business that has continued to expand in leading edge materials science, from carbon to ceramics to polymer composite to metallic. It is part of the Morgan Crucible Company plc – a UK based FTSE 250 company specialising in advanced materials. Founded in 1856 and initially specialising in the properties of carbon and graphite, the company now works with silicon carbide and other advanced materials, employing some 3,400 people and serving customers in around 100 countries worldwide. Morgan AM&T’s global presence includes 40 operating facilities in 25 countries with major materials processing plants in the USA, UK, and China. The company produces products that are strong, non-toxic, self-lubricating, some of which can conduct electricity, while also remaining resistant to heat and corrosion - properties that meet the requirements of many industries. Its global reach, combined with unparalleled expertise stretching over a century and a half, has established Morgan AM&T as a world-class leader offering Materials Expertise, Applied Engineering, Consistency, and Customer Insight.
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