Reuters logo
4 months ago
BRIEF-Britain's GKN says encouraging growth rate may not last
April 26, 2017 / 6:10 AM / 4 months ago

BRIEF-Britain's GKN says encouraging growth rate may not last

April 26 (Reuters) - GKN Plc

* Reg-Gkn plc: 1st quarter trading update

* Overall in q1, group achieved good organic sales growth

* Issues a trading update for period since 1 january 2017.

* Automotive market performing better than expected and growth in aerospace being slightly slower than planned

* Group trading margin has moved ahead of last year primarily due to an increase in gkn driveline

* Gkn powder metallurgy are seeing an impact from higher raw material costs

* Gkn aerospace is tracking in-line with plan

* Operating cash flow was similar to equivalent period last year.

* Encouraging growth rate achieved to date may not be sustained as year progresses and comparators get tougher

* We expect 2017 to be another year of growth Source text for Eikon: Further company coverage: (London newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below