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(Sharecast News) - Carclo's share price dipped on Friday, pausing after an impressive year-to-date performance, after the precision engineering group said its full-year expectations remain unchanged.
The company, which operates in the life sciences, aerospace, safety and security markets, said trading since the start of the financial year on 1 April has been in line with management's expectations.
Positive underlying growth in the CTP Manufacturing Solutions division and Speciality business has offset the lower revenue and FX headwinds impacting the Design and Engineering unit, where sales were "slightly lower than anticipated" due to lower customer activity in the US.
However, with EMEA D&E customer project activity ahead of expectations and the previous year, D&E revenues are expected to "partially recover" in the second half.
"The D&E team continues to maintain its focus on asset revitalisation and driving efficiency improvements in our global manufacturing platform which remains critical to delivering our medium-term financial goals," Carclo said.
Shares, which have risen by nearly 150% so far in 2025 to hit levels not seen since mid-2021, were down 6.3% at 60p by 1113 BST.
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