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Morgan Advanced Materials Stays In Line For Full Year As Sales Grow

2017-11-06

Nov. 6, 2017 - Ceramic materials manufacturer Morgan Advanced Materials PLC said on Monday that its trading is in line with expectations and that it remains on track for the full year.


For the ten months to October 31, constant currency sales were 1.0% higher year-on-year, and for the period from July to October, sales growth increased by 2.3% compared to the same period the year before.


Thermal Products division sales were down 2.1% lower due to declines in Europe and North America. However the Carbon & Technical Ceramics segment saw sales grow by 5.6% compared tot he prior year, due to increases in Electrical Carbon, Seals & Bearings and Technical Ceramics.


Shares in Morgan Advanced Materials were down 2.2% at 317.90 pence on Monday.

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