Chemring H1: Revenue Climbs but Profit and Margins Come Under Pressure as Expansion Costs Bite
Chemring Group posted a 7% rise in first-half revenue to £237.3 million but reported an 8% decline in underlying operating profit to £24.5 million as heavy capital investment to expand energetics manufacturing weighed on margins and balance sheet metrics. The company said its expansion projects in Chicago, Scotland and Norway are progressing and ar…