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Bodycote shares rise as reports four month revenue growth

Last updated: 08:16 16 Nov 2012 GMT, First published: 09:16 16 Nov 2012 GMT

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Bodycote (LON:BOY) shares rose over five per cent in early deals as it revealed revenue had grown 2.9 per cent in the four months to the end of October compared to the same period the previous year. 

The firm improves the properties of metals, extending their life for a wide range of industries.

Sales in the Aerospace, Defence and Energy business were ahead by 14.4 per cent with organic growth at 10.4 per cent and acquisitions adding 5.5 per cent.

In Western Europe, costant currency rates sales improved by 14.2 per cent while in North America, revenues at constant exchange rates rose 17.5% of which organic growth accounted for 7.1% and acquisitions 10.4%. 

"Although trading remains volatile, the sales momentum we have seen in October and early November offers support for the remainder of 2012 and consequently the board's expectations for the year to December 31, 2012 are unchanged," it said, looking ahead.

Shares rose 5.35 per cent, to change hands at 382.10p.


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