Ceramic Industry News

Morgan Crucible Annual Revenue Increased 7.9%

Morgan Crucible recently announced that its revenue for the full year increased by 7.9% to £1,017.1 million (~ $1,638 million), compared to £942.6 million (~ $1,517 million) in 2009. Group EBITA (operating profit before restructuring charges and one-off items) increased by 23.0% to £109.5 million (~ $175 million), a margin of 10.8%.

The Engineered Materials Division, which comprises Morgan Advanced Materials & Technology (formerly Carbon), NP Aerospace and Molten Metal Systems, posted revenue of £408 million (~ $ million), a decrease of 3.2% compared to the previous year. Advanced Materials & Technology (AM&T) revenue was £246.8 million (~ $396 million), vs. £205.2 million (~ $330 million) in 2009, reflecting an increase of 20.3% at reported rates and 17.2% on a constant currency basis.

The Ceramics Division includesTechnical Ceramics and Thermal Ceramics. Revenue in the Ceramics Division was £609.1 million (~ $981 million), compared to £521.1 million (~ $839 million) in 2009, an increase at reported rates of 16.9%. Revenue for the Technical Ceramics business in 2010 was £250.1 million (~ $403 million), up 21.4% at reported rates compared to £206 million (~ $332 million) in 2009. Revenue was up by 20.5% on a like-for-like constant currency basis, with all regions showing strong improvement. Thermal Ceramics’ revenue increased by 13.9% to £359.0 million (~ $578 million) in 2010, vs. £315.1 million (~ $507 million) in 2009. On a constant currency basis, the year-on-year increase was 12.1%.

“Morgan Crucible has delivered strong performance in 2010, with improving momentum through the year,” said Mark Robertshaw, CEO. “Our strategy of focusing on technically differentiated products targeted at growth markets and of maintaining a continued focus on managing costs has meant that the group has delivered much improved earnings. In 2010, the group also delivered robust cash generation, enabling us to continue to invest both organically and through bolt-on acquisitions, such as that of the Changsha Hairong advanced materials business in China. Through the continued execution of our proven strategy and given the good momentum that we have, I am confident that Morgan Crucible is well-placed to deliver further improvements to our performance in 2011 and beyond.”

For additional details, visit www.morgancrucible.com.

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

2015 Ceramics Expo

Snapshots from the 2015 Ceramics Expo, April 28-30, Cleveland, Ohio. Posted: May 14, 2015.


Ceramics Expo podcast
Editor Susan Sutton discusses the upcoming Ceramics Expo with event director Adam Moore.
More Podcasts

Ceramic Industry Magazine

CI May 2015 cover

2015 May

Our May issue covers bulk batching, pneumatic conveyors, high-temperature furnaces and more! Be sure to check it out today.

Table Of Contents Subscribe

Daily News

We know where you find the latest ceramic industry news (ahem), but where do you catch up on the rest of your daily news?
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!