Melrose maintains full-year guidance as aerospace momentum continues
Aerospace engineering group Melrose Industries has reaffirmed its full-year guidance after posting strong trading for the four months to 31 October, driven by robust demand across both its civil and defence markets.
In its latest trading update, the Solihull-headquartered business said group revenue grew 14%, with its Engines division up 28% and the Structures division up 5%. The group said adjusted operating profit was 'significantly higher' than the same period last year and in line with expectations.
Chief executive officer o... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
