REG - Castings PLC - AGM Statement

CastingsAnnouncement

21/08/2025 07:00

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RNS Number : 1544W  Castings PLC  21 August 2025

Castings plc

Interim Management Statement and AGM

 

Castings PLC ("Castings" or "the company"), the leading iron casting and
machining group primarily focused on the European heavy truck market,
announces a trading update ahead of the AGM being held today at 3.30pm at
Castings PLC, Lichfield Road, Brownhills, West Midlands, WS8 6JZ.

 

With a continued focus on productivity and cost control, management anticipate
the result for the full year to 31 March 2026 to be in line with market
expectations.

 

We previously reported in June that demand from our commercial vehicle
customers (75% of group revenue) was expected to remain at lower levels with
the potential for improvements in the autumn. Demand has indeed remained at
lower levels, with OEM's suggesting the European heavy-truck demand is 10% to
15% below the normalised trend level. The group remains well positioned for
volume increases when they start to come through.

 

Our Ductile Castings business in Scunthorpe is starting to benefit from some
consolidation in the UK larger casting market.

 

The installation of the new foundry production line at our Dronfield site is
now complete and commissioning is due to commence in September.

 

 

A N Jones, Chairman

Castings plc, Lichfield Road, Brownhills, West Midlands, WS8 6JZ

21 August 2025

 

 

Notes for Editors

Castings PLC is a leading iron casting and machining group based in the UK,
supplying both the domestic and export markets. It has gross foundry capacity
of 70,000 tonnes p.a. and is highly invested with the latest automation
technologies. This enables high mix production of low volume parts on a just
in time basis to provide a competitive edge. Castings has long-term
relationships with the major OEMs in its core European heavy truck market and
their platforms typically last over 10 years in production. In addition to the
commercial vehicle sector, Castings PLC also supplies the wind power,
agriculture, rail and material handling markets. www.castings.plc.uk

 

 

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