Final results were in line with expectations and the recent trading update. The closure of CDS, announced in May, is disappointing, but pragmatic, and ensures that further costs are avoided. Within the core divisions, we continue to view Wipac’s loss of the VW programme as a one-off and continue to see strong growth potential from both Technical Plastics and LED Technologies. Indeed, the announcement today of a WIpac win in the medium volume sector is good news and we will monitor progress close ....
07 Jun 2016
Core divisions remain strong
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Core divisions remain strong
Carclo plc (CAR:LON) | 7.5 0 7.9% | Mkt Cap: 5.49m
- Published:
07 Jun 2016 -
Author:
Jon Lienard -
Pages:
4
Final results were in line with expectations and the recent trading update. The closure of CDS, announced in May, is disappointing, but pragmatic, and ensures that further costs are avoided. Within the core divisions, we continue to view Wipac’s loss of the VW programme as a one-off and continue to see strong growth potential from both Technical Plastics and LED Technologies. Indeed, the announcement today of a WIpac win in the medium volume sector is good news and we will monitor progress close ....