Meggitt reported a ‘window-dressed’ set of figures for H1 17 with revenues growing by 9.7% on a reported basis but by 0% on an organic basis. The group was effectively strongly supported by currency movements. Details by activity show that the civil segment, producing the largest share of revenues, reported 1.8% organic growth (+13.7% reported), mostly thanks to the aftermarket (+2.4% org. and +15.3% reported). Inversely, the energy market reported a 14.1% decrease in organic reve

10 Aug 2017
H1 heterogeneous performance but confirmed guidance

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H1 heterogeneous performance but confirmed guidance
- Published:
10 Aug 2017 -
Author:
Marc Laubel -
Pages:
3 -
Meggitt reported a ‘window-dressed’ set of figures for H1 17 with revenues growing by 9.7% on a reported basis but by 0% on an organic basis. The group was effectively strongly supported by currency movements. Details by activity show that the civil segment, producing the largest share of revenues, reported 1.8% organic growth (+13.7% reported), mostly thanks to the aftermarket (+2.4% org. and +15.3% reported). Inversely, the energy market reported a 14.1% decrease in organic reve