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UK - Chamberlin PLC warns on full-year profit due to fall in demand

Lesedauer: min

<link _top>Iron castings and engineering products maker Chamberlin PLC said it expect full-year earnings to come in below management expectations due to a fall in demand.

In common with a number of other companies, Chamberlin has experienced a sudden and significant reduction in demand for coming months, particularly in its Walsall business which supplies <link _top>castings for automotive turbochargers.

Walsall has recently been successful in winning orders from outside the automotive industry and Chamberlin is speeding up the programme to broaden its customer base, it said.

Earnings for the first half year are anticipated to be in line with expectations.