You are here

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 FY profits rise, dividend hiked

By Michele Maatouk

Date: Thursday 05 Mar 2020

LONDON (ShareCast) - (Sharecast News) - Turnaround specialist Melrose Industries posted a rise in full-year profit and revenue on Thursday as it hiked its dividend after its first full year of ownership of GKN.
In the year to the end of December 2019, adjusted pre-tax profit increased to ?889m from ?672m on revenue of ?11.6bn, up from ?8.6bn in 2018.

The company proposed a final dividend of 3.4p a share, up 11% on the previous year and taking the full-year dividend 11% higher to 5.1p a share.

Melrose said the results were "comfortably ahead" of the board's expectations for both profit and cash generation.

Chairman Justin Dowley said: "We are delighted with the Melrose performance in 2019 and the substantial value that is being unlocked. Notwithstanding any implications of the COVID-19 outbreak, the bedrock has now been built for the GKN businesses to attain results which were not previously achievable, and, in addition, the shareholder value built up in our longer held assets is closer to being realised.

"This shows, once more, that the Melrose model thrives by investing properly in businesses and giving management the entrepreneurial freedom to succeed. This is just the start of what is possible for GKN."

Melrose said 2020 was expected to be another year of good progress. It said that while it's too early to be precise on the impact of the coronavirus outbreak on its businesses or wider economic conditions, it remains focused on what it can control.

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

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. half market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. half sector star
  3. empty sector
  4. empty sector
  5. empty sector
Price Trend
market
  1. full market star
  2. full market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Income
market
  1. full market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. empty sector
  5. empty sector
Growth
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. half sector star
Price Chg 6m
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
P/E
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. empty sector
  5. empty sector
PEG
market
  1. half market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Dividend Yield
market
  1. half market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
EPS Growth
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
Operating Margin
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector

What The Brokers Say

Strong Buy 11
Buy 0
Neutral 2
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