Report

Chemring - Ducks aligning

Chemring’s H118 report demonstrates improved operational performance and financial security. While FX headwinds persist, the operating margin improvements at Countermeasures and Sensors are visible, as is improved cash generation. End markets are evolving from the perceived threat to increasing budgets, which underpins Chemring’s market position. The FY18 outlook remains unchanged, underpinned by the H2 order book.
Underlying
Chemring Group PLC

Chemring Group has three operating segments: Countermeasures, which develops and manufactures expendable countermeasures for air, sea and land platforms, and land-based electronic warfare equipment; Sensors, which develops and manufactures improvised explosive device (IED) detection equipment, chemical and biological threat detection equipment, IED electronic countermeasures, network protection technologies and explosive ordnance disposal equipment; and Energetics, which develops, procures and manufactures signals and illumination devices and payloads, cartridge/propellant actuated devices, pyrotechnic devices, missile and ammunition components, actuators and energetic materials.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts
Annabel Hewson

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