7-Aug-2013 1:18 PM

Meggitt PLC underlying profits up in 1H2013, reaffirms revenue growth guidance

Meggitt PLC revenue up 4% - financial highlights for six months ended 30-Jun-2013:

  • Revenue: GBP810.1 million, +4% year-on-year;
    • Civil aerospace: GBP365.0 million, +6%;
      • Civil OE: GBP152.5 million, +15%;
      • Civil AM: GBP212.5 million, +1%;
  • Underlying EBITDA: GBP233.1 million, +6%;
  • Underlying operating profit: GBP193.3 million, +5%;
  • Underlying profit after tax: GBP182.4 million, +7%;
  • Net profit: GBP102.3 million, +3%;
  • Total assets: GBP4075 million;
  • Cash and cash equivalents: GBP87.1 million;
  • Total liabilities: GBP2003 million. [more - original PR]

Meggitt: “The Group expects to make further good progress in 2013, delivering mid-single-digit revenue growth in line with the guidance issued in March.” Source: Company statement, 06-Aug-2013.