REG - Morgan Adv.Materials - AGM Trading Update

Morgan Advanced MaterialsAnnouncement

07/05/2026 07:00

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RNS Number : 2808D  Morgan Advanced Materials PLC  07 May 2026

Press Release

Morgan Advanced Materials plc

7 May 2026

 

AGM Trading Update

Trading in-line; full-year guidance maintained

 

Morgan Advanced Materials plc, the global leader in advanced ceramics and
carbon systems for technologically demanding applications, announces a trading
update in advance of its 2026 Annual General Meeting being held later today.

Current Trading

During the first quarter, we continued to see broad based order intake
stability across the Group's divisions and end-markets. Noting the weak prior
year comparator, and as expected, the Group delivered organic constant
currency revenue(1) growth of 6.2%.

2026 Outlook

Q1 trading was in line with expectations and our full year outlook for 2026
remains unchanged.

We have not observed any material direct or indirect trading impact from the
conflict in the Middle East in Q1, and are responding through pricing to
offset inflationary impacts. We will continue to monitor this evolving
situation including any further impact from the situation becoming prolonged.

Damien Caby, Chief Executive Officer, commented:

"Our Q1 trading was in line with our expectations and today we reconfirm our
full year guidance for 2026. We are making good progress against our strategic
priorities, including the strategic review of Thermal Products, and continue
to focus on executing at pace against the strategy set out at our December
2025 Capital Markets Day."

 

For further information, please contact:

 Richard Armitage, CFO               Morgan Advanced Materials                  01753 837 000
 Nicholas Frost, Investor Relations

 

Media enquiries:

 Nina Coad                      Brunswick                  0207 404 5959

 

(1)'Organic constant currency revenue': Group revenue excluding acquisition,
disposal and business exit impacts with the current and prior year results
translated at current year average exchange rates

Important notice

This announcement contains forward-looking statements. These statements have
been made in good faith based on the information available up to the time of
the approval of this announcement. No assurance can be given that these
expectations will prove to have been correct. By their nature, forward-looking
statements involve risks, uncertainties or assumptions that could cause actual
results to differ materially from those expressed or implied by these
forward-looking statements. As such, undue reliance should not be placed on
forward-looking statements.

The Directors undertake no obligation to update any forward-looking statements
whether as a result of new information, future events or otherwise.

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