Cookson Releases Interim Statement
Cookson Group Plc. recently released an interim management statement covering current trading, its financial position and outlook. In the third quarter, the trading performance for the Performance Materials and Precious Metals Processing divisions has reportedly been in line with expectations and, for both divisions, the full year outlook remains unchanged.
For the Engineered Ceramics division, end-market trends and trading performance in the third quarter, and in particular over the last month, have reportedly been weaker than previous expectations. Assuming a continuation of current end-market conditions, the Engineered Ceramics division’s performance in the second half of 2012 is now expected to be substantially below both the first half and previous expectations. As a result, full year performance for the group as a whole is now expected to be materially below the board’s previous expectations.
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