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Umeco forecasts lower profits

17th February 2010

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AEROSPACE supplier Umeco today downgraded full year profit predictions to the lower end of expectations, blaming the continuing economic downturn.The Warwickshire-based company said the key markets served by its composites business were struggling and this had created a “higher degree of uncertainty” for the full year outlook than would normally be the case at this time of the year.Revenue for the four months to January 31 is down on the same period last year, but the firm’s order books look a little healthier sta......for the full story register now for free or login below...


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