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Trading statements

Alent outlook unchanged

29 April 2015 09:02

Alent's trading in the three months to the end of March was in line with its expectations and its outlook for 2015 remains unchanged.

Alent, a global supplier of specialty chemicals and engineered materials, said the electronics end-market was slightly slower than anticipated in Q1 2015, while the automotive end-market progressed as expected. At group level, net sales value (NSV) at constant currency increased 1.7% in Q1 2015. A favourable currency translation of 1.2% meant that on a reported basis, NSV increased 2.9% to £101.8m (Q1 2014: £98.9m). NSV margin for the Group has been stable. At a business unit level, Assembly Materials NSV increased 1.8% on a constant currency basis. On a reported basis, NSV increased 4.0% to £50.0m (Q1 2014: £48.1m).

Alent says: "We have continued to make progress across most product lines. As highlighted at the time of our full year results in March, our reclaim business continued to experience slight headwinds due to lower metal prices and tighter supplies of scrap feed stocks." In Surface Chemistries, NSV increased 1.6% on a constant currency basis. On a reported basis, NSV increased 2.0% to £51.8m (Q1 2014: £50.8m).

It says: "Solid growth in performance coatings was somewhat offset by the previously highlighted semiconductor industry inventory build which has unwound as we progressed through Q1 2015."

At 9:02am: (LON:ALNT) Alent share price was -1.55p at 380.95p

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