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Prices & Quotes - UK Markets - Melrose Industries (MRO)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 159.30p
Change Today:
0.30p
Market Cap:
7,739m
Sector:
General Industrials

Melrose Industries trades in line

By Iain Gilbert

Date: Tuesday 19 Nov 2019

LONDON (ShareCast) - (Sharecast News) - Turnaround specialist Melrose Industries performed in line with expectations during the four months ended 31 October, leaving the group confident in its ability to unlock "significant further shareholder value".
Melrose said on Tuesday that improvements in its businesses were being delivered at pace, with aerospace achieving sales growth of over 5% year-on-year and once again outperforming the board's expected long-term average growth rate.

In automotive, Melrose delivered a higher profit and margin than when compared to the same period of the previous year but sales were down 5% year-on-year as a result of the temporary effect of the General Motors strike in the US.

Powder metallurgy was impacted proportionately more than Automotive by the temporary effect of the General Motors strike, which led to a sales decline of 13%, while Nortek Air & Security witnessed improving year-on-year trends compared to those seen in the first half of the year and achieved modest sales growth.

Net debt was said to be in line with expectations.

Chairman Justin Dowley said: "Melrose continues to do what it has always done well: improve businesses.

"Some macro conditions could be more helpful, but this has not stopped us continuing to transform the GKN businesses, delivering another trading period in line with expectations, and achieving better trends than seen in the first half of the year."

As of 0830 GMT, Melrose shares were up 1.67% at 226.11p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

MRO Market Data

Currency UK Pounds
Price 159.30p
Change Today 0.30p
52 Week High 248.50p
52 Week Low 74.36p
Volume 17,064,766
Shares Issued 4,858.25m
Market Cap 7,739m

Performance Indicators

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What The Brokers Say

Strong Buy 10
Buy 0
Neutral 3
Sell 0
Strong Sell 1
Total 14
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

MRO Dividends

  Latest Previous
  Interim Final
Ex-Div 12-Sep-19 04-Apr-19
Paid 11-Oct-19 20-May-19
Amount 1.70p 3.05p

Trades for 27-Nov-2020

Time Volume / Share Price
16:35 10,508,063 @ 159.30p
16:29 7 @ 160.20p
16:29 8 @ 160.20p
16:29 6 @ 160.20p
16:29 18 @ 160.20p

MRO Key Personnel

CEO Simon Antony Peckham