Melrose Industries continues to deliver strong performance improvements and is on track to achieve its ambitious margin targets in 2025 (Engines 28% and Structures 9%). As a focused aerospace group, Melrose is also benefiting from the positive long-term drivers in the sector with record civil order backlog. This bodes well for continued earnings momentum and cash generation to drive shareholder value.
02 May 2024
Melrose Industries - Steady climb
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Melrose Industries - Steady climb
Melrose Industries PLC (MRO:LON) | 613 -50.2 (-1.3%) | Mkt Cap: 7,996m
- Published:
02 May 2024 -
Author:
David Larkam -
Pages:
2
Melrose Industries continues to deliver strong performance improvements and is on track to achieve its ambitious margin targets in 2025 (Engines 28% and Structures 9%). As a focused aerospace group, Melrose is also benefiting from the positive long-term drivers in the sector with record civil order backlog. This bodes well for continued earnings momentum and cash generation to drive shareholder value.