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Bodycote Trading Update Released 23 Nov 2021 07:00 RNS Number : 1825T Bodycote PLC 23 November 2021 23 November 2021 Bodycote plc Trading Update Bodycote , the world's leading provider of heat treatment and specialist thermal processing services , is issuing the following trading update , covering the four - month period from 1 July to 31 October 2021 ( " the period " ) . Group revenue for the period was £ 200.1m , 3 % higher than last year ( 8 % higher at constant currency ) . ADE revenues were £ 81.3m ( up 4 % at actual rates , up 9 % at constant currency ) ; AGI revenues were £ 118.8m ( up 3 % at actual rates , 8 % at constant currency ) . Group revenue for the 10 months to 31 October 2021 was £ 513.0m , 3 % up on last year ( 7 % up at constant currency ) . All percentage movements in the following review of the Group's markets compare to the same period from 1 July to 31 October 2020 , at constant currency , unless otherwise stated . Automotive revenues declined 6 % , with the 10 % decline in car and light trucks more than offsetting good growth in heavy truck and bus . This decline is a direct result of supply chain bottlenecks in the automotive industry . Whilst the decline is greater than we had anticipated , it has been concentrated almost entirely in our North American and Mexican businesses , driven by automotive OEM supply chain shortages . Our European car and light truck revenues were flat in the period . As set out at the Half Year results , we expected Q3 revenues in this market sector to decline , but had expected Q4 revenues to rebound , resulting in H2 revenues across the Group for automotive being broadly flat against H1 . We no longer believe that our Q4 revenues can offset the Q3 decline . Consequently , we now expect that our full year Group revenue will be up to £ 10m ( 1.6 % ) lower than our previous expectations as a result of lower automotive revenues . Underlying consumer automotive demand remains strong and therefore we believe that this issue is transitory in nature . As a result , we would expect our revenues to recover and return to the previous growth trajectory in due course . In contrast , civil aerospace revenues were up 25 % on the comparable period . While there is still some inventory in the supply chain , activity is picking up as the OEMs ramp up production and flying hours continue to build . This acceleration is in line with our expectations of good growth in aerospace in 2022 and beyond . General industrial revenues were 17 % higher , with most categories registering good growth . Indeed , general industrial revenues were only 1 % lower versus the same period in 2019 , representing an excellent recovery . Most general industrial supply chains remain short on inventory . Emerging Markets achieved revenue growth of only 4 % . This underperformance was driven predominantly by a fall in revenues in Mexico ( which largely supplies the automotive market in the US ) , which were down almost 50 % on last year . General industrial revenues in the Emerging markets grew 27 % . And overall , despite the current weakness in automotive , Emerging Markets ' revenues in the period were 7 % up on the comparable period in 2019 .