Record Order Intake and Order Book
Chemring achieved a record order intake of GBP 488 million, a 42% increase from last year, resulting in a GBP 1.3 billion order book, the highest in the company's history.
Strong Growth in Countermeasures & Energetics
Revenue for the Countermeasures & Energetics segment grew 20%, with operating profit up 73% and margin increased to 14.4%.
Improved Financial Metrics
Revenue increased by 5%, operating profit rose by 8%, and earnings per share grew by 3%. The group operating margin improved to 11.6%, with strong cash conversion at 80%.
Significant Long-Term Opportunities
Roke signed a GBP 251 million, 6-year STORM framework agreement and launched a new electronic warfare system, Deceive, attracting international interest from over 15 countries.
Strategic Defense Review and Market Opportunities
The U.K. Strategic Defense Review outlines increased defense spending and strategic opportunities for Chemring in cyber and electronic warfare, with defense budgets set to rise to 3% of GDP in the following parliament.