Morgan Advanced Materials plc (MGAM.L), a manufacturer of advanced carbon and ceramic materials, Thursday said its sales for the first quarter declined 3.5% on an organic constant currency basis compared with last year.
On the impact of the new US tariff, the company said,"We continue to monitor and adapt our business to the recent introduction of new trade tariffs. With our predominantly localised manufacturing footprint the unmitigated direct impact of current tariffs is expected to be relatively small. We expect to be able to mitigate much of this such that we do not expect a material net impact for the full year, albeit that any broader economic impact remains uncertain."
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