FX.co ★ Chemring Group: FY24 Outturn In Line With Current Range Of Analyst Expectation

Chemring Group has released its scheduled trading update for the period ending on 30 September 2024. The Group reports that its operations during this timeframe have proceeded as anticipated, with robust order intake persisting. The projected outcome for the fiscal year ending 31 October 2024 aligns with the prevailing spectrum of analyst projections.

Throughout the period, the Group received several noteworthy orders. As of 30 September 2024, the total order intake for the year reached £638 million, up from £604 million the previous year.

Group Chief Executive Michael Ord commented: "Our business has met expectations, and with the fiscal 2024 revenue fully secured by our existing order book, we are positioned to achieve fiscal 2024 results consistent with the present range of analyst expectations, notwithstanding current foreign exchange challenges."