Chemring Group (CHG)

Sector:

Defense and Aeronautics

Index:

FTSE 250

193.00p
   
  • Change Today:
      3.00p
  • 52 Week High: 286.00
  • 52 Week Low: 143.20
  • Currency: UK Pounds
  • Shares Issued: 281.28m
  • Volume: 357,534
  • Market Cap: £542.88m
  • RiskGrade: 298

Chemring swings to a profit

By Iain Gilbert

Date: Monday 16 Dec 2019

LONDON (ShareCast) - (Sharecast News) - Defence contractor Chemring said on Monday that it swung to a full-year profit, bolstered by a slightly better-than-expected performance in its sensors and information division.
Chemring swung to a pre-tax profit of £26.7m for the twelve months ended 31 October compared to a £22m loss the year before.

Revenues rose 12.7% to £335.2m, driven by a 51% surge in revenues in its sensors and information unit to £131.9m.

The company's order book grew to £449m from £394m, of which £287m was currently expected to be recognised as revenue in 2020.

Chemring declared a final dividend of 2.4p per ordinary share, taking the total dividend to 3.6p a share for the year from 3.3p in 2018.

Chief executive Michael Ord said: "With a number of significant operational and strategic milestones achieved this year we have made real progress; moving away from commoditised product lines to focus on higher quality, sustainable business areas where we have a competitive advantage."

The Romsey-based outfit said trading since the start of the 2020 financial year had been in line with expectations across all businesses and that expectations for its full-year performance remained unchanged.

As of 0850 GMT, Chemring shares were up 1.26% at 201.50p.

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

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Chemring Group Market Data

Currency UK Pounds
Share Price 193.00p
Change Today 3.00p
% Change 1.58 %
52 Week High 286.00
52 Week Low 143.20
Volume 357,534
Shares Issued 281.28m
Market Cap £542.88m
RiskGrade 298

Chemring Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
83.2% below the market average83.2% below the market average83.2% below the market average83.2% below the market average83.2% below the market average
38.46% below the sector average38.46% below the sector average38.46% below the sector average38.46% below the sector average38.46% below the sector average
Price Trend
69.35% above the market average69.35% above the market average69.35% above the market average69.35% above the market average69.35% above the market average
53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average
Income
80.08% below the market average80.08% below the market average80.08% below the market average80.08% below the market average80.08% below the market average
80% below the sector average80% below the sector average80% below the sector average80% below the sector average80% below the sector average
Growth
15.80% above the market average15.80% above the market average15.80% above the market average15.80% above the market average15.80% above the market average
38.46% above the sector average38.46% above the sector average38.46% above the sector average38.46% above the sector average38.46% above the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 1
Sell 0
Strong Sell 0
Total 4
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 02-Apr-20 29-Aug-19
Paid 24-Apr-20 13-Sep-19
Amount 2.40p 1.20p

Trades for 02-Apr-2020

Time Volume / Share Price
13:55 24 @ 193.00p
13:55 218 @ 193.00p
13:55 701 @ 192.40p
13:51 17 @ 192.40p
13:51 5 @ 192.40p

Chemring Group Key Personnel

Chair Carl-Peter Forster
Finance Director Andrew Davies

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