Chemring Group PLC
CHG
ISIN GB00B45C9X44 / Valor 12570943
Chemring Group PLC
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About company
Chemring Group PLC is a technology company with a global presence, offering a wide range of market-leading products and services. The company operates in various sectors, providing advanced technology solutions to customers worldwide. With a focus on innovation and quality, Chemring Group PLC serves a diverse range of industries, contributing to its reputation as a trusted provider of cutting-edge technology solutions.
Summarized from source with an LLMView SourceSector: IndustrialsLatest Results (14.08.2024):
Record Order Intake
Chemring Group PLC reported a record order intake of £345 million for the first half of 2024, with an order book reaching £1,041 million, the highest in the company's history. This strong order intake provides excellent medium-term revenue coverage and reflects robust demand across both sectors.
Revenue Growth
For the first half of 2024, Chemring Group PLC achieved an 8% increase in revenue, driven by a 19% growth at Roke and significant performance in their specialist energetic materials businesses. However, this growth was partially offset by a weaker period for their Countermeasures segment.
Operating Profit Margin
The underlying operating profit margin for Chemring Group PLC in H1 2024 was 11.2%, down from 12.7% in H1 2023. This decrease was primarily due to operational challenges at their Tennessee Countermeasures business during the period.
Cash Conversion
Chemring Group PLC improved its cash conversion rate to 83% in H1 2024, up from 64% in H1 2023. This improvement was attributed to a continued focus on working capital management, ensuring better liquidity and financial health for the company.
Dividend Increase
For the first half of 2024, Chemring Group PLC declared an interim dividend of 2.6p per share, representing a 13% increase from the 2.3p per share declared in H1 2023. This increase reflects the company's confidence in its financial stability and future growth prospects.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
1128 M
Market cap (USD)
255,569
Daily traded volume (Shares)
3.335 / 3.25
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
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