Chemring has provided a trading update ahead of its annual general meeting, reporting a record order book of £1.35 billion and a first-quarter order intake of £393 million. The company expects its full-year 2025 results to align with market forecasts...
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Chemring has provided a trading update ahead of its annual general meeting, reporting a record order book of £1.35 billion and a first-quarter order intake of £393 million. The company expects its full-year 2025 results to align with market forecasts and remains on course to achieve annual revenues of approximately £1 billion by 2030, with mid-teen profit margins anticipated in the medium term. In light of this outlook, Chemring has announced a £40 million share buyback programme.
The Countermeasures and Energetics division has seen continued demand for propellants and energetic materials. In the UK, Chemring secured a £23 million contract for critical components used in the Next Generation Light Anti-Tank Weapon (NLAW) system, following a £43 million contract awarded to CEUK by Saab in March 2023. Deliveries under the new contract are expected to begin in 2026 and extend into 2027. In Norway, Chemring Nobel signed a £36 million supply agreement with Saab Switzerland for HMX, with deliveries scheduled between 2028 and 2030.
The Sensors & Information division has also experienced sustained demand, with Roke attracting interest from European countries and Japan. The company secured a £26 million, four-year contract with a major US prime contractor for its high-speed Miniature Radar Altimeter.
Michael Ord, Group Chief Executive, stated: “The current financial year continues to plan and our outlook remains in line with market expectations. Our order book is at a record level and order intake across both sectors benefited from the receipt of several significant orders, demonstrating continued customer demand and confidence in Chemring’s market leading products and services. The Group is increasingly well positioned, with a strong and sustainable platform for future growth. Given the Board’s growing confidence in the long-term potential of the Group it has decided to commence a new share buyback.”
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