Bodycote shares jump as it expects annual revenue and profit ahead of consensus
In a trading update the FTSE 250-listed company said its revenue for the four months ended 30 April 2018 was £243mln, 7% higher than a year ago
Company
LON:BOY
Bodycote Group is a leading supplier of specialist testing and thermal processing services – a vital provider of heat treatments, hot isostatic pressing, metallurgical coatings and testing services.
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In a trading update the FTSE 250-listed company said its revenue for the four months ended 30 April 2018 was £243mln, 7% higher than a year ago
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The UK blue-chip index had a surge near the close of play and added nearly 57 points
The contract is worth more £160mln and covers treatment of blades for the Trent XWB, Trent 1000, Trent 7000, Trent 700 and Trent 900 engines
Profits climbed 27% to £117mln on revenue of £690mln on helpful currency movements, new car and plane contracts alongside growth in emerging markets
The UK premier index added 0.43% on the day, while FTSE 250 added over 123 points at 19,690.
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Bodycote's global network will support the agreement, operating initially from strategically located facilities in France and Belgium
The FTSE 250-listed provider of heat treatment and specialist thermal processing services posted a 16.6% rise in group revenue of £169mln, or up 12.9% at constant currency
Bodycote posted an 18.8% increase in first half revenue as its general industrial business returned to growth after three years of declines
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