Company news

Trading Update

14 January 2010

Filtrona issues a trading update ahead of its results for the year ended 31 December 2010 on 24 February 2011.

Filtrona plc (“Filtrona” or the “Company”), the leading international supplier of speciality plastic and fibre products, today issues a trading update ahead of its results for the year ended 31 December 2010, which will be announced on 24 February 2011.

All statistics and qualitative statements made below relate to continuing operations and therefore exclude the North American Plastic Profile & Sheet business, the disposal of which completed on 27 March 2009.

Company Financial Performance

During the period since the Interim Management Statement of 20 October 2010, the Company has traded in line with the Board’s expectations, with provisional 2010 revenue up 10% versus the prior year and up 8% at constant exchange rates.   Net debt at the year-end was c. £91m.

Divisional Performance

In Protection & Finishing Products, provisional 2010 revenue was up 35% compared to prior year (up 35% at constant exchange rates); in Porous Technologies, it was up 13% compared to prior year (up 14% at constant exchange rates); in Coated & Security Products, it was up 5% compared to prior year (up 5% at constant exchange rates); and in Filter Products, it was down 1% compared to prior year (down 4% at constant exchange rates).

Commenting, Filtrona’s Chief Executive, Mark Harper said:

“Filtrona’s performance has been consistently strong throughout 2010 and, as we enter 2011, momentum remains positive with the Company well positioned to continue to deliver growth.”