Ceramic Industry News

Cookson Announces Preliminary 2007 Results (posted 3/14/08)

March 14, 2008
/ Print / Reprints /
/ Text Size+

Cookson Group recently announced a strong improvement in its continuing operations for 2007, including a 6% increase in revenue to £1.6 billion (~ $3.2 billion) and a 17% increase in trading profit to £170 million (~ $342 million). The Ceramics division experienced underlying revenue growth of 11% and trading profit of £109 million (~ $220 million), up 25%, and continued investment in capacity for high-growth markets.

“2007 was another year of good progress for the Group,” said Nick Salmon, chief executive. “This was driven by a continued strong improvement in the Ceramics division, which produced almost two-thirds of the Group’s trading profit for the year. Ceramics will be further enhanced by the acquisition of Foseco, which we expect to complete next month [April 2008].

“The positive end-market trends experienced by Ceramics over the second half of last year have continued, and we are increasing production capacities in the higher-growth products and regions. In Electronics, we expect some slowing of growth rates for consumer electronics, but have been implementing efficiency improvements to offset this. Precious Metals faces a weak retail environment, but its performance should be helped by recent ongoing significant cost base reductions. We therefore anticipate a continuing strong performance in 2008.”

Following the recent anti-trust clearances by the EU and U.S. competition authorities and the approval of the transaction by Foseco’s shareholders, the approval by Cookson’s shareholders and court approval of the scheme of arrangement are now awaited. This should lead to the transaction being completed on April 4, 2008.

Visit www.cooksongroup.co.uk for additional details.


Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.



Image Galleries

September 2014 Issue Highlights

Our September 2014 issue is now available!

Posted: December 15, 2014


Manufacturing Day 2014

Manufacturing Day organizers share their insights with Managing Editor Kelsey Seidler.

More Podcasts

Ceramic Industry Magazine

CI December 2014 cover

2014 December

Be sure to check out our annual Services Directory and Business Guide, with additional articles on advanced glass components, ceramic grinding media, and more!

Table Of Contents Subscribe

Personal Smartphones

Do you use your personal smartphone or other device to complete tasks for your job?
View Results Poll Archive


M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px


CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!