Chemring Group (CHG)

Sector:

Defense and Aeronautics

Index:

FTSE 250

355.00p
   
  • Change Today:
    -0.50p
  • 52 Week High: 414.00
  • 52 Week Low: 287.00
  • Currency: UK Pounds
  • Shares Issued: 272.26m
  • Volume: 572,521
  • Market Cap: £966.53m
  • RiskGrade: 157

Chemring posts record order intake as countries respond to Russia, China threat

By Frank Prenesti

Date: Tuesday 12 Dec 2023

LONDON (ShareCast) - (Sharecast News) - Defence and aerospace Chemring on Tuesday posted a strong rise in annual earnings amid a record order intake driven by strong demand for its countermeasures products as countries respond to "geopolitical turbulence".


The group said today it had booked £756m in orders for the 12 months to October 31, with the highest closing order book in a decade at £922m. Underling core earnings rose 14% to £88.5m on an 18% rise in revenue to £472.6m.

The dividend was lifted 21% to 6.9p a share.

Chemring added that it was investing £120m to boost manufacturing capacity which was expected to deliver £85m of incremental revenue by 2026/2027.

"The ongoing geopolitical turbulence has resulted in many countries re-appraising their defence and national security priorities, including increasing budgets, to specifically address the security challenges posed by Russia and China," the company said.

"Against this heightened threat environment, the role of multi-lateral organisations such as the North Atlantic Treaty Organisation (NATO) and the European Union is also becoming more significant."

It added that the war in Ukraine has specifically refocused attention "on the broad spectrum of defence capabilities".

"China's extensive military modernisation programme has in many cases, generated a requirement for increasingly cutting-edge solutions to protect against a continuum of threats."

"These range from long-range hypersonic missiles through to sub-threshold "grey-zone" activity, with the latter involving the extensive use of digital-based threats such as cyber-attacks and disinformation campaigns."

Reporting by Frank Prenesti for Sharecast.com

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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 355.00p
Change Today -0.50p
% Change -0.14 %
52 Week High 414.00
52 Week Low 287.00
Volume 572,521
Shares Issued 272.26m
Market Cap £966.53m
RiskGrade 157

Chemring Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
91.75% below the market average91.75% below the market average91.75% below the market average91.75% below the market average91.75% below the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
36.73% above the market average36.73% above the market average36.73% above the market average36.73% above the market average36.73% above 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
62.52% below the market average62.52% below the market average62.52% below the market average62.52% below the market average62.52% 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
29.5% below the market average29.5% below the market average29.5% below the market average29.5% below the market average29.5% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

What The Brokers Say

Strong Buy 4
Buy 1
Neutral 0
Sell 1
Strong Sell 0
Total 6
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
  Interim Final
Ex-Div 15-Aug-24 21-Mar-24
Paid 06-Sep-24 12-Apr-24
Amount 2.60p 4.60p

Trades for 31-Oct-2024

Time Volume / Share Price
17:08 100 @ 355.00p
16:35 209,991 @ 355.00p
16:35 1 @ 355.00p
16:35 538 @ 355.00p
16:35 859 @ 355.00p

Chemring Group Key Personnel

CFO James Mortensen

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