London – Polymer engineering company Fenner PLC has reported a strong half-year performance ahead of its expected takeover by Groupe Michelin later this month.
Revenue for the first half, ended 28 Feb, stood at £354.1 million (€402 million), up 15.1% compared to £307 million in the 2017.
Operating profit rose 49.1% to £33.4 million for the period, marking improvement in both Fenner businesses: Advanced Engineered Products (AEP) and Engineered Conveyor Solutions (ECS).
“All business areas continue to perform well with some notable market-share gains,” said the group in its half-year report published 25 April.
Trading environments, said the UK-based supplier, are…