Carclo Share News (CAR)

Carclo wins compensation for cancelled order from customer

(Alliance News) - Carclo PLC on Tuesday announced it has reached a settlement agreement with a customer over a cancelled order.

IN BRIEF: Carclo shares down as expects profit to be below prior year

Carclo PLC - West Yorkshire, England-based engineering solutions provider for the medical, optical and aerospace industries - Expects profit performance for the year ended March 31 to be below the previous year. For financial 2022, pretax profit was GBP5.1 million. Says it has encountered the "dissolution of a major manufacturing contract, the adverse effects of rising input costs on margins, and increasing interest rates" in financial 2023. Notes its Aerospace division is witnessing a robust recovery as the aviation industry rebounds. Looking ahead, Carclo says it is implementing measures to enhance manufacturing and supply chain efficiency. Expects to deliver improved performance over the medium term.

IN BRIEF: Carclo amends interest cover covenant with lender

Carclo PLC - West Yorkshire, England-based engineering solutions provider for the medical, optical and aerospace industries - Agrees an amendment with its unnamed lender for the interest cover covenant for March 2023. "This adjustment reflects our strong collaborative relationship and the bank's confidence in Carclo," the company says.

TRADING UPDATES: Carclo takes hit; Actual Experience revenue down

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Carclo H2 profits seen 'materially lower' as customer cancels supply contract

(Sharecast News) - Engineered solutions group Carclo warned on Thursday that a new customer supply contract has been cancelled, with the likely financial impact on its full-year results still "being quantified".

Carclo shares drop as major customer cancels 10-year contract

(Alliance News) - Carclo PLC on Wednesday said a major global original equipment manufacturer has cancelled its 10-year contract with the company.

IN BRIEF: Carclo shares down as interim profit falls; revenue rises

Carclo PLC - West Yorkshire-based plastic parts manufacturer - Posts revenue of GBP72.2 million for the six months that ended on September 30, up 23% from GBP58.7 million the year before, driven by "growth with new and existing life sciences customers, forex tailwinds and price increases". Pretax profit, however, falls by 61% to GBP1.7 million from GBP4.4 million, which included a Covid-related US government grant income worth GBP2.1 million.

UK earnings, trading statements calendar - next 7 days

IN BRIEF: Carclo shares down as division CFO Bedford promoted to CFO

Carclo PLC - West Yorkshire-based plastic parts manufacturer - Promotes David Bedford to chief financial officer and names him as a director, effective from yesterday, as CFO and director Phil White steps down. Says White will retire in June next year to ensure a smooth transition.

Carclo re-appoints Joe Oatley as non-executive chair

(Alliance News) - Carclo PLC on Monday re-appointed Joe Oatley as non-executive chair, as Nick Sanders steps down immediately for "personal reasons".

TRADING UPDATES: essensys loss widens; Carclo demand strong

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

TRADING UPDATES: Carlco appoints new CEO; Xtract sees positive results

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

IN BRIEF: Carclo shares up on revised funding agreements

Carclo PLC - West Yorkshire-based plastic parts manufacturer - Says it has revised and extended its funding agreement with HSBC Holdings PLC and its pension scheme. This arrangement provides access to ongoing bank facilities as well as visibility over repayment schedules until June 2025.

SMALL-CAP WINNERS & LOSERS: Carclo signs loan; Bluebird eyes Batangas

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

UK shareholder meetings calendar - next 7 days