Morgan Advanced Materials plc (LON:MGAM) has announced its Q3 Trading Update
As expected, Group sales for the first nine months of the year to 30 September 2025 were 3.6% lower than the same period last year, on an organic constant currency basis. Revenue for the third quarter was 1.6% higher than the third quarter last year, continuing to reflect signs of stabilisation in a number of our end markets.
2025 Outlook
Demand in Semiconductor markets has remained weak as a result of customer inventories, resulting in further orders being pushed into 2026 and lower than expected revenue in 2025. We also note increasing uncertainty in European industrial markets. We now expect 2025 full year sales to be c.4% lower than the prior year, on an organic constant currency basis.
With under-recovered costs from lower sales volumes in the short-term, a weaker mix and some FX impact, we now expect to deliver an adjusted operating profit margin of c.10% for the year.
Whilst the markets remain challenging the Morgan Advanced Materials continues, as has been our regular practice, to focus on strong cost management and simplification of our business.
