LONDON (ShareCast) - - Trading in line with company expectations
- Strong performance at Conductive Inkjet Technology
- Confident of delivering its growth strategy

Technical plastics manufacturer Carclo said it has traded in line with company expectations for the financial year ended March 31st 2014 as it continues with growth strategy.

At Conductive Inkjet Technology, coated film sales in the second half exceeded first half sales and Carclo expects this increase to continue into its new financial year amid robust customer demand.

Its Technical Plastics division has enjoyed a stronger second half, as expected, and a very good last quarter while its LED Technologies division was boosted by a significantly stronger second half in both Wipac and its LED Optics business.

Precision Engineering division continued to perform satisfactorily with financial performance at similar levels to the prior year, it said.

At the end of Marc, Carclo sold off the business and assets of its small bandsaw machine and blade business, Birkett Cutmaster, which accounted for around £1.3m of this division's reported sales.

The sale will generate cash of around £0.3m and will not materially affect the division's future profitability, it explained.

On a confident note, the group said it looks forward to delivering its growth strategy across its main businesses in the new financial year.

Shares in Carclo were down 0.42% to 177.75p at 08:15 on Monday.


CJ

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