Chemring Group (CHG)

Sector:

Defense and Aeronautics

Index:

FTSE 250

363.00p
   
  • Change Today:
      3.50p
  • 52 Week High: 365.50
  • 52 Week Low: 255.50
  • Currency: UK Pounds
  • Shares Issued: 272.85m
  • Volume: 1,130,699
  • Market Cap: £990.46m
  • RiskGrade: 157

Chemring sees FY earnings 'slightly ahead' of consensus expectations

By Michele Maatouk

Date: Thursday 03 Mar 2022

LONDON (ShareCast) - (Sharecast News) - Chemring said on Thursday that results for the current year are set to be "slightly ahead" of consensus analyst expectations of £62.2m adjusted operating profit thanks to recent contract wins.
In an update on trading ahead of its annual meeting later in the day, the company said both sectors have performed well since the start of the current financial year, in line with management expectations.

It put its upgraded full-year expectations down to "recent positive order intake", including Roke's award of an £8m contract to supply electronic warfare equipment to the Swedish Ministry of Defence, which is expected to be partially delivered in FY22.

"The group continues to successfully manage the ongoing post-Covid-19 challenges with its supply chain, labour availability and other inflationary pressures," Chemring said. "The group has worked to pass through costs and to generate additional operational efficiencies, and as such does not expect there to be any material short-term financial impacts."

Chemring provides a range of technology products and services to the aerospace, defence and security markets.

At 0840 GMT, the shares were up 2.8% at 335.50p.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Chemring Group Market Data

Currency UK Pounds
Share Price 363.00p
Change Today 3.50p
% Change 0.97 %
52 Week High 365.50
52 Week Low 255.50
Volume 1,130,699
Shares Issued 272.85m
Market Cap £990.46m
RiskGrade 157

Chemring Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
91.93% below the market average91.93% below the market average91.93% below the market average91.93% below the market average91.93% below the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
86.06% above the market average86.06% above the market average86.06% above the market average86.06% above the market average86.06% above the market average
27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average
Income
65.95% below the market average65.95% below the market average65.95% below the market average65.95% below the market average65.95% below the market average
25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average
Growth
48.12% below the market average48.12% below the market average48.12% below the market average48.12% below the market average48.12% below the market average
60% below the sector average60% below the sector average60% below the sector average60% below the sector average60% below the sector average

What The Brokers Say

Strong Buy 5
Buy 1
Neutral 0
Sell 1
Strong Sell 0
Total 7
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Chemring Group Dividends

  Latest Previous
  Final Interim
Ex-Div 21-Mar-24 17-Aug-23
Paid 12-Apr-24 08-Sep-23
Amount 4.60p 2.30p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 120,129 @ 363.00p
16:35 1,005 @ 363.00p
16:35 1,524 @ 363.00p
16:35 124 @ 363.00p
16:35 1,121 @ 363.00p

Chemring Group Key Personnel

CFO James Mortensen

Top of Page