Cookson says, recent trading ahead of expectations
Jun 30, 2006
Cookson Group plc ("Cookson"), a leading materials science company, is issuing this trading update ahead of its Interim Results for 2006, scheduled for announcement on 2 August 2006.
-- Trading in May and June ahead of our previous expectations;
-- Ceramics and Electronics continue to demonstrate good growth; trading conditions remain encouraging;
-- Precious Metals in US benefiting from firmer retail markets and impact of 2005 restructuring; European operations expected to trade at break-even;
-- Results for six months to 30 June 2006 expected to be very significantly ahead of the corresponding period in the prior year;
-- Positive trading environment expected to continue into the second half of the year. Impact of cost reduction measures will also continue to benefit overall performance. Second half of 2005 comparatives markedly stronger than the first half setting a tougher comparative benchmark.