Meggitt reported quite lacklustre Q3 results with flat revenues yoy. Growth in the different activities was variable with 4% organic growth in civil aerospace driven by OE growth (+6%) but also by the aftermarket (+4%) but, conversely, the military activities saw a 5% decrease in organic revenues because of lower demand for spare parts. The latter activity is expecting to see a much stronger Q4. The energy activity continues to see a revenue decrease, though at a lesser pace.
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Confirmed guidance but watch out for the operating margin level
- Published:
14 Nov 2017 -
Author:
Marc Laubel -
Pages:
2
Meggitt reported quite lacklustre Q3 results with flat revenues yoy. Growth in the different activities was variable with 4% organic growth in civil aerospace driven by OE growth (+6%) but also by the aftermarket (+4%) but, conversely, the military activities saw a 5% decrease in organic revenues because of lower demand for spare parts. The latter activity is expecting to see a much stronger Q4. The energy activity continues to see a revenue decrease, though at a lesser pace.