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[October 2008]
Capital Markets Day & Third Quarter Trading at Cookson
Cookson Group plc hosted a Capital Markets Day at its Ceramics facility in Borken, Germany on 7 October 2008. This facility, which principally serves the Foundry market, was acquired as part of the Foseco acquisition in April 2008.
Presentations were given on the Ceramics division’s Foundry activities and markets, followed by a site tour. Copies of the presentations are available on Cookson’s website.
On current business, the company said at the same time that underlying trading for the Ceramics division (Vesuvius and Foseco together) in the third quarter was ahead of the corresponding period last year (on a pro forma basis for Foseco which was acquired in April 2008). The integration of Foseco is proceeding very well, added the company.
Underlying trading in the Electronics division in the third quarter was slightly below the corresponding period last year, but is broadly in line with last year for the nine month period to September 2008. The Precious Metals division has remained profitable in the quarter.
Although Cookson’s markets are not immune from the impact of the uncertainty in the financial sector on the wider global economy, overall trading results for the group for the third quarter showed a strong improvement in performance compared to the corresponding period last year reflecting the addition of Foseco’s contribution and continuing currency translation gains.
A trading update will be issued as part of the Interim Management Statement which is expected to be issued on or around 11 November 2008.
www.cooksongroup.co.uk
ENDS