This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Morgan Crucible Full-Year Results And New Organisational Structure - Interviews

LONDON, February 14, 2013 /PRNewswire/ --

Morgan Crucible announced a new organisational model based on a single, regional product offering and said its name will change to Morgan Advanced Materials.

The announcement coincided with the release of its preliminary results, which revealed underlying pre-tax profits had declined by 25 per cent as a result of restructuring costs in the Engineered Materials division. Underlying operating profits were 13 per cent lower.  

Reflecting on performance, Mark Robertshaw, CEO, said: "2011 was the record ever set of results in our 156 year history.  2012, whilst a little bit down on 2011 was still our second-best ever year.  I think we're in great shape for the future."

The "One Morgan" operating  model will see the company reorganised based on a regional structure of North America, Europe and Asia/Rest of World.

Mr Robertshaw said this new model was primarily about growth.

"It's about putting us in a better position to go to our customers with the full range of our products and our capabilities," he said.  "We do expect that there may be some streamlining and some rationalisation benefits on the back of this.  But, predominantly, this is really about enhancing our ability to grow."

The interview and transcript are available now on http://video.merchantcantos.com/companies/m/morgan-crucible/

MerchantCantos produces in-depth interviews, documentaries and webcasts with senior company executives. If you would like to contact us, please email prnsupport@merchantcantos.com or phone +44(0)207-936-1352.

SOURCE Morgan Crucible

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs