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Prices & Quotes - UK Markets - Chemring Group (CHG)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 294.50p
Change Today:
14.50p
Market Cap:
833.15m
Sector:
Aerospace and Defence

Chemring says weak dollar could affect results

By Sean Farrell

Date: Thursday 04 Mar 2021

LONDON (ShareCast) - (Sharecast News) - Chemring said trading was in line with expectations but that the weaker US dollar could hit its results in the current financial year.
The defence company said orders in the period to 28 February was 128m compared with 132m a year earlier. At the end of February the order book, which has been affected by the weaker dollar was 481m, up from 478m.

Chemring said the dollar had dipped to an average of $1.37 from $1.28 in the first half of 2020, creating a 7% "headwind". Half of group revenues are in dollars and a weakening of the dollar by 10 cents would reduce annual revenue by 13m and underlying operating profit by 2m, the FTSE 250 group said.

"Trading since the start of the current financial year has been as expected," Chemring said. "With the exception of the potential impact of foreign currency translation, discussed below, the Board's expectations for the current year remain unchanged."

The company also said the delivery of some manufacturing equipment to its facility in Tennessee had been delayed by Covid-19. "We still expect to generate incremental revenue from the new facility during the second half of our 2022 financial year," Chemring said.

Chemring shares fell 0.2% to 278.5p at 09:20 GMT.

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

 

Chemring Group Market Data

Currency UK Pounds
Price 294.50p
Change Today 14.50p
52 Week High 310.00p
52 Week Low 198.00p
Volume 1,035,700
Shares Issued 282.90m
Market Cap 833.15m

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What The Brokers Say

Strong Buy 6
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 6
strong_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 01-Apr-21 20-Aug-20
Paid 23-Apr-21 11-Sep-20
Amount 2.60p 1.30p

Trades for 12-May-2021

Time Volume / Share Price
16:45 623 @ 295.50p
16:45 623 @ 295.50p
16:35 1,487 @ 294.50p
16:35 178,738 @ 294.50p
16:29 13 @ 295.50p

Chemring Group Key Personnel

Chair Carl-Peter Forster