Meggitt has also reported its FY results, with a top-line slightly below our expectations but with a bottom-line in line with them on an underlying basis and well above our expectations on a statutory basis thanks to a tax credit this year vs a tax charge in 2016. The group announced, as we expected, a 5% higher dividend 5% for FY17. Lastly, it announced a quite solid operating margin guidance for the 2018 to 2021 period.
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Heterogenous results but brighter outlook in most segments
- Published:
28 Feb 2018 -
Author:
Marc Laubel -
Pages:
3
Meggitt has also reported its FY results, with a top-line slightly below our expectations but with a bottom-line in line with them on an underlying basis and well above our expectations on a statutory basis thanks to a tax credit this year vs a tax charge in 2016. The group announced, as we expected, a 5% higher dividend 5% for FY17. Lastly, it announced a quite solid operating margin guidance for the 2018 to 2021 period.