Bodycote reports increased revenues across group

May 16, 2017

Bodycote plc issued a trading update covering the period from January 1 to April 30, 2017, ahead of the company’s 64th Annual General Meeting. Group revenue for the four months ended 30 April 2017 was reported to be £227 million, 18% higher than the same period last year, 7.1% higher at constant exchange rates. Like-for-like revenues were higher by 3.9%.

The company’s Aerospace, Defence & Energy revenues, which include the company’s HIP and surface technology businesses, were higher by 10.8% (0.6% at constant exchange rates). Automotive & General Industrial business revenues, incorporating speciality stainless steel processes, increased by 23.2% (11.8% at constant exchange rates).

Based on a like-for-like basis and at constant exchange rates, the company’s main markets reported overall positive results. Civil aviation revenues were said to be higher by 3.8% year-on-year, with good growth in Western Europe. However, weak revenues from the Defence sector and lower revenues from the Oil and Gas sector (where sales were still declining in the comparative period in 2016) substantially offset this growth.

Car and light truck revenues increased by 7.9%, with strong growth in Europe and emerging markets. Meanwhile, heavy truck and bus revenues have yet to rebound and showed a small decrease in revenues in the period. General industrial revenues were 7.6% higher, the first positive growth Bodycote has seen in this segment for nearly three years. This recovery is predominantly being experienced in Europe, with limited North American growth so far.

Bodycote added that its performance in the first four months of the year has been robust and in line with the Board’s expectations. Accordingly, the Group’s outlook for the year as a whole remains unchanged.

www.bodycote.com

In the latest issue of PM Review…

Download PDF

Extensive Powder Metallurgy industry news coverage, and the following exclusive deep-dive articles and reports:

  • Burgess-Norton and Amsted Automotive: How a legacy automotive supplier is growing with, not despite, electrification
  • Meeting sustainability demands in PM: High-temperature sintering of nickel- and copper-free powder mixtures for low alloyed PM parts
  • World PM2022: An overview of the status and trends in the global PM industry
  • A novel approach for the production of metal powders with tailored chemical compositions: Amazemet’s rePowder
  • Productivity, flexibility, reliability: SACMI’s new press technologies for the changing PM industry
  • Understanding the thermal properties of metal powders: Characterisation of powders using the Hot Disk technique
  • World PM2022: Views on the potential of Field Assisted Sintering for advanced materials

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of PM Review, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

From the industry…

Discover our magazine archive…

The free-to-access PM Review magazine archive offers unparalleled insight into the world of Powder Metallurgy from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

 

Browse the archive

 

Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of PM Review magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
Download PDF
Share via
Copy link