Chemring Group (CHG)

Sector:

Defense and Aeronautics

Index:

FTSE 250

275.50p
   
  • Change Today:
    -4.50p
  • 52 Week High: 367.50
  • 52 Week Low: 256.00
  • Currency: UK Pounds
  • Shares Issued: 283.58m
  • Volume: 590,835
  • Market Cap: £781.27m
  • RiskGrade: 157
  • Beta: 0.02

Chemring says it is on track to meet FY 2022 sales target, order book growing

By Alexander Bueso

Date: Thursday 06 Oct 2022

LONDON (ShareCast) - (Sharecast News) - Chemring said that it was on track to meet its revenue target for the 2022 fiscal year even as its FY 2023 order book continued to build.
As at 30 September, the aerospace, defence and security specialist said its FY 2022 sales target was fully covered by its order book so that sales for the year to 31 October were seen in line with management's forecasts.

The company's order book stood at £678m, versus £488m at the end of April, thanks in part to a £40m tailwind from the strong US dollar.

Looking out to FY 2023, the order book for its Countermeasures & Energetics unit was 93% covered and at its shorter cycle Sensors & Information arm 60% covered.

"Increasing interest rates are not expected to have a material impact on the Group," it added in a statement.

Roke, its specialist consulting and technology business, saw order intake jump 75% year-to-date to reach £156m, and was expected to enjoy another record year.

In Countermeasures & Energetics, the outfit's US subsidiary was awarded a $225m indefinite delivery/indefinite quantity contract to manufacture MJU-61A/B infra-red countermeasures.

The energetics businesses, which serve the space, aerospace, defence and industrial markets, saw "strong" customer demand with order intake rising by 63% to £116m.

Net debt meanwhile stood at less than 0.5 times earnings before interest, taxes, depreciation and amortisation.

Chemring said it also had approximately £160m of banking facilities running until 31 December 2024 with an option to extend them.

-- More to follow --

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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 275.50p
Change Today -4.50p
% Change -1.61 %
52 Week High 367.50
52 Week Low 256.00
Volume 590,835
Shares Issued 283.58m
Market Cap £781.27m
Beta 0.02
RiskGrade 157

Chemring Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
57.17% below the market average57.17% below the market average57.17% below the market average57.17% below the market average57.17% below the market average
81.82% above the sector average81.82% above the sector average81.82% above the sector average81.82% above the sector average81.82% above the sector average
Price Trend
4.88% below the market average4.88% below the market average4.88% below the market average4.88% below the market average4.88% below the market average
63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average63.64% below the sector average
Income
10.14% above the market average10.14% above the market average10.14% above the market average10.14% above the market average10.14% above the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average
Growth
16.68% below the market average16.68% below the market average16.68% below the market average16.68% below the market average16.68% below the market average
81.82% above the sector average81.82% above the sector average81.82% above the sector average81.82% above the sector average81.82% above the sector average

What The Brokers Say

Strong Buy 5
Buy 2
Neutral 0
Sell 1
Strong Sell 0
Total 8
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 23-Mar-23 18-Aug-22
Paid 14-Apr-23 09-Sep-22
Amount 3.80p 1.90p

Trades for 07-Feb-2023

Time Volume / Share Price
16:35 223,718 @ 275.50p
16:35 5,891 @ 275.50p
16:35 193 @ 275.50p
16:35 1,055 @ 275.50p
16:35 644 @ 275.50p

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