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8 September 2008
Fenner PLC
PRE-CLOSE STATEMENT
We anticipate reporting the results for the year ended 31 August 2008 in line with the top end of our expectations. These results are scheduled to be announced on 12 November 2008.
Group operations have performed strongly in the final quarter of our 2008 year. The North American conveyor belt business has experienced significant raw material cost increases which continue to be passed onto our customers. The inevitable time lag in doing so has constrained margins temporarily. Elsewhere the belting businesses have seen healthy trading with good order levels.
Advanced Engineered Products has traded well, overcoming uncertainty in some of its markets. The mining sector exposure has remained buoyant, and our development opportunities are encouraging.
The rolling commissioning of our major investment projects continues and will contribute to operations in 2009.
Our acquisitions have all shown encouraging starts and we expect to complete the purchase of Conveyor Services Corporation Group within the next 6 weeks, which will enhance the service offering from our Conveyor Belt Division.
- ends -
For further information please contact:
Fenner PLC 01482 626501
Mark Abrahams, Chief Executive
Weber Shandwick Financial 020 7067 0700
Nick Oborne/Stephanie Badjonat/Hannah Marwood
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