Carclo plc Trading Update (7628J)
December 15 2022 - 1:00AM
UK Regulatory
TIDMCAR
RNS Number : 7628J
Carclo plc
15 December 2022
15 December 2022
Carclo plc
("Carclo" or the "Group")
Trading Update
On the 7 December 2022 the Group announced that a new customer
supply contract had been cancelled and the likely financial impact
on the results for the year ending 31 March 2022 was being
quantified.
Constructive discussions are ongoing with the customer regarding
an appropriate commercial settlement. Nevertheless, the Board now
anticipates that profit for the second half of this financial year
will be materially lower than previous expectations.
The Group's lending bank remains supportive and is actively
engaged with the Group to discuss what amendments may be required
to address the impact on its banking covenants.
About Carclo plc
Carclo plc is a public company whose shares are quoted on the
Main Market of the London Stock Exchange. The Group is a global
provider of value-adding engineered solutions for the medical,
optical and aerospace industries.
LEI: 21380078MEM399JPI956
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014 as it forms part of UK
domestic law by virtue of the European Union (Withdrawal) Act 2018
("MAR").
Enquiries:
Carclo plc
01924 268040
Frank Doorenbosch - Chief Executive Officer
David Bedford - Chief Financial Officer
FTI Consulting
020 3727 1340
Nick Hasell / Susanne Yule
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