18 December 2019 - trading update

The diversified industrial engineering company has announced a disappointing trading update, which came just 16 days after interim results.  Order intake for the fourth quarter is now expected to be significantly below originally predicted levels although there has been good progress in the UK business, where orders remain over 100% up on the prior year.  There has also been continued good performance at the newly acquired CMS business, driven by its focus on healthcare and pharmaceuticals.  Gross margins across the Group are also holding up well but these positive factors will not prevent the outturn . . .

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