StockMarketWire.com - Carclo has traded in line with forecasts in the first half but it warns that likely delays to Volkswagen's flagship luxury vehicle will mean full year results will miss market expectations.

The VW vehicle, which was due for launch in 2017, will now be launched as an all-electric vehicle.

Carclo says while the full ramifications of this decision on the lighting design are not yet confirmed, it anticipates that this announcement will impact the expected launch date of this vehicle and the timing of anticipated related revenues for its Wipac business.

The Board anticipates that the likely impact of the announcement from VW will mean the Group's full year performance will be marginally below its previous expectations.

The group said that in Technical Plastics, profits will be ahead of last year's comparative period despite the impact of the weaker Euro on some of our businesses.

In LED Technologies, new programme wins in the first half have been in line with expectations and lighting product sales have been strong.

Carclo plc will announce its interim results for the period to 30 September 2015 on 17 November

At 8:12am: [LON:CAR] Carclo PLC share price was -25.75p at 121p



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