REG - Morgan Adv.Materials - Trading Update

Morgan Advanced MaterialsAnnouncement

Tue 07:00

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RNS Number : 1848D  Morgan Advanced Materials PLC  14 October 2025

Press Release

Morgan Advanced Materials plc

14 October 2025

 

Q3 Trading Update

Q3 Trading Update

As expected, Group sales for the first nine months of the year to 30 September
2025 were 3.6% lower than the same period last year, on an organic constant
currency basis.  Revenue for the third quarter was 1.6% higher than the third
quarter last year, continuing to reflect signs of stabilisation in a number of
our end markets.

2025 Outlook

Demand in Semiconductor markets has remained weak as a result of customer
inventories, resulting in further orders being pushed into 2026 and lower than
expected revenue in 2025.  We also note increasing uncertainty in European
industrial markets.  We now expect 2025 full year sales to be c.4% lower than
the prior year, on an organic constant currency basis.

With under-recovered costs from lower sales volumes in the short-term, a
weaker mix and some FX impact, we now expect to deliver an adjusted operating
profit margin of c.10% for the year.

Whilst the markets remain challenging the Group continues, as has been our
regular practice, to focus on strong cost management and simplification of our
business.

For further enquiries:

Richard Armitage, CFO
                                Morgan Advanced
Materials                       01753 837 000

Nicholas Frost, Investor
Relations

 

Nina Coad
           Brunswick
                    0207 404 5959

 

We note that the sale of the Molten Metal Systems ("MMS") business is expected
to complete in due course. This statement still includes the full year impact
on the results of the MMS business.

This announcement contains inside information. The person responsible for
arranging the release of this announcement on behalf of Morgan Advanced
Materials plc is Richard Armitage, Chief Financial Officer. The Company's LEI
number is I4K14LL95N2PHDL7EG85.

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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