AZ Electronic making good progress in H2
AZ Electronic Materials has continued to make "good progress" during the second half of the current financial year, the firm said.
AZ Electronic Materials has continued to make "good progress" during the second half of the current financial year, the firm said.
The company, which produces speciality chemical materials for technological manufacturers, saw group revenue in the third quarter rise by 15% to $202m (Q3 2010: $175.8m).
Group revenue for the nine months ended 30 September was $593.8m, up 20% from the same period last year, while the adjusted earnings before interest, taxes, depreciation, and amortization margin was in line with the first half of the year, and cash conversion continues to be strong.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Trading in the Optronics business remains robust despite challenging trading conditions in the market. Revenue in the third quarter was $57.0m, up 10% on the same period last year (Q3 2010: $51.6m).
Net debt at 30 September was $389.7m (30 June 2011: $402.2m).
In a statement the firm said: "AZ's trading results for October indicate that the business continues to perform well and our expectations for the full year remain unchanged.
"Whilst we remain mindful of the uncertain macroeconomic environment and the potential impact of weaker consumer markets on our customers, we continue to position the group for long-term growth through focused and customer-oriented investments."
The share price was moving up by 2.82% to 237p by 16:06.
NR
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Michelin Key Hotels 2025: the top destinations in the world
The Michelin Keys have been awarded to spectacular hotels across the world. From Marlon Brando's private resort in Polynesia to a Bvlgari hotel in Tokyo, we look at some of the most extraordinary stays in 2025
-
MoneyWeek news quiz: How much could you get in car finance compensation?
The car finance scandal, inheritance tax, and house prices all made headlines over the past few days. Test your knowledge while reviewing this week’s top stories with MoneyWeek’s news quiz