Melrose Industries - GKN Aerospace (Seite 3)

[Oginvest]

2023 Half year results announcement

Trading ahead of expectations, upgraded outlook, share buybacks to be commenced early


https://www.melroseplc.net/media/announcements/2023/2023-hal…

[Oginvest]

Antwort auf Beitrag Nr.: 74.185.940 von Oginvest am 20.07.23 23:22:47

Ein paar Folien von den über 100 in der GKN Aerospace Präsentation May 2023:

[Oginvest]

Antwort auf Beitrag Nr.: 74.185.865 von Oginvest am 20.07.23 23:05:46

Melrose - Capital Markets Day 2023 Event Presentation - 17 May 2023

https://www.melroseplc.net/media/3147/cme-gkn-aerospace-17-m…

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Dies ist nur ein Report und keine Handelsempfehlung - Wie immer DYOR

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Melrose - Capital Markets Day 2023

https://streamstudio.world-television.com/CCUIv3/frameset.as…

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Appointment of Independent Non-Executive Director

Melrose Industries plc (“Melrose”) is pleased to announce the appointment of Gillian Elcock to its Board as a Non-executive Director with effect from Wednesday 21 June 2023.

Gillian has extensive investment research experience including several years covering aerospace and defence as an analyst at Putnam Investments and Insight Investment. Gillian is also the founder and former Managing Director of Denny Ellison, an independent investment research and training company. She has two engineering degrees from MIT and an MBA from the Harvard Business School, and is currently a Non-executive Director of International Biotechnology Trust plc, and a member of the Board of the CFA UK.

Justin Dowley, Non-executive Chairman of Melrose, said:

“We are delighted to welcome Gillian to the Board. We look forward to benefitting from her broad experience and believe she will make a significant contribution to Melrose as we work to deliver further value for all our stakeholders.”

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https://www.melroseplc.net/media/announcements/2023/appointm…

[Oginvest]

Dowlais reports healthy bookings from electric vehicle sector in first quarter

Zitat von Oginvest: Shares in Dowlais Group PLC (LSE: DWL) reached a new high after the spin-out from Melrose last month as the automotive engineer reported revenue growth from the battery electric vehicle (BEV) sector and confidence about growing profit margins.

The owner of the GKN Automotive and GKN Powder Metallurgy businesses said it was an “encouraging start” to 2023, increasing confidence in expanding adjusted operating margins in the full year, though full-year guidance remained unchanged.

The first four months of the year produced £1.9bn of adjusted revenue, up 9% on a constant currency basis, with margins in line with those delivered for full-year 2022 but up more than 200 basis points over the same period of the prior year.

While Powder Metallurgy saw revenues and margins roughly flat year-on-year, Automotive was more positive, with 11% revenue growth resulting in “significant operating margin expansion” year-on-year and slightly above full-year 2022.

“Bookings were healthy with the majority relating to BEV platforms, underlining our strong market position as the transition to electrification continues,” the FTSE 250-listed group said.

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https://www.proactiveinvestors.co.uk/companies/news/1015752/…

[Oginvest]

UK's Melrose Industries lifts 2025 expectations on aerospace focus

May 17, 2023 - Melrose Industries Plc expects its engines business to power its profit margins in 2025 as aftermarket services would help boost cashflow, enabling it to buy back shares worth between 5% and 10% of its market value annually from next year.

The company raised its adjusted operating margin outlook for aerospace to between 17% and 18% by 2025, compared with 14% previously. The operating margin for the Engines business is expected to be 28% in 2025, compared with 22% in 2023.

Shares in Melrose, which spun out its automotive business into Dowlais last month, rose 6% by 1232 GMT, topping London's blue-chip index.

"Lifetime net cash inflows, from RRSP engines contracts, being approximately half the Engines business today, are expected to total 20 billion pounds ($25.24 billion) with a net present value of 5.5 billion pounds," Melrose said ahead of its capital markets event in London.

Melrose, which makes airframe and engine structures and electrical interconnection systems for the aerospace industry, said last week it had decided to continue as a pure-play aerospace firm.

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https://www.streetinsider.com/Reuters/UKs+Melrose+Industries…

[Oginvest]

UK's Melrose Industries to focus on aerospace after automotive spin-off

Melrose Industries Plc said on Wednesday it will continue as a pure-play aerospace company post the recent spin-off its automotive unit, after its premium engines business helped lift revenue for the first four months of the year by 19%.

The company also said it expects annual revenue between 3.35 billion pounds ($4.23 billion) and 3.45 billion pounds, while analysts are expecting a revenue of 3.4 billion pounds, according to company-compiled estimates.

Melrose also said it will not seek acquisitions of "an unrelated industrial business or, in the near term, a material aerospace business," as it shifts its strategy to focus on aerospace.

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It is still holding on to GKN's Aerospace division, which manufactures airframe and engine structures and interconnection systems for the aerospace industry.

On Wednesday, the company said it will now report results under two divisions - Engines and Structures.
https://uk.investing.com/news/stock-market-news/uks-melrose-…

[Oginvest]

Trading Update & New Guidance

10 May 2023 07:00 - Melrose Industries PLC (“Melrose”) publishes the following trading update for the first four months of the year to 30 April 2023 (the “Period”). All numbers are calculated at constant currency and exclude the businesses recently demerged under Dowlais Group PLC.

Following completion of the demerger, Melrose is an aerospace business and will report as two divisions: Engines and Structures. For the first time Melrose introduces written trading guidance for the current year.


https://www.melroseplc.net/media/3115/melrose-10-may-trading…