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BRIEF-Britain's GKN says encouraging growth rate may not last
April 26, 2017 / 6:10 AM / 7 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)

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