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Melrose Industries PLC

MRON.L

Latest Trade

221.40GBp

Change

1.70(+0.77%)

Volume

412,608

Today's Range

219.60

 - 

221.60

52 Week Range

145.94

 - 

227.50

As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay

Pricing

Previous Close
219.70
Open
219.70
Volume
412,608
3M AVG Volume
228.93
Today's High
221.60
Today's Low
219.60
52 Week High
227.50
52 Week Low
145.94
Shares Out (MIL)
4,858.25
Market Cap (MIL)
10,761.04
Forward P/E
16.57
Dividend (Yield %)
--

Next Event

Melrose Industries PLC Annual Shareholders Meeting

Latest Developments

More

Melrose Says HY Adj Oper Profit Rises To 539 Mln Pounds

GKN Aerospace Says Global Headcount Is Expected To Reduce By Around 1,000 Roles

GKN Aerospace To Cut About 1,000 Jobs In Streamlining Push -FT

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About Melrose Industries PLC

Melrose Industries PLC is a United Kingdom-based company that is engaged in buying manufacturing businesses. The Company’s businesses include Nortek and Brush Turbogenerators. It operates through four segments: Energy, which includes the Brush business that is engaged in supplying energy industrial products; Air Management, which includes the Air Quality & Home Solutions business that manufactures ventilation products and the Heating, Ventilation & Air Conditioning business that manufactures and sells split-system and packaged air conditioners, heat pumps, furnaces, air handlers and parts; Security and Smart Technology, which includes the Security & Control business along with the Core Brands and GTO Access Systems businesses; Ergonomics, which includes the Ergotron business that manufactures and distributes products designed with ergonomic features including wall mounts, carts, arms, desk mounts, and stands that attach to or support display devices.

Industry

Misc. Capital Goods

Contact Info

Leconfield House, Curzon Street

+44.20.76474500

https://www.melroseplc.net

Executive Leadership

Justin Dowley

Non-Executive Independent Chairman of the Board

Simon Antony Peckham

Chief Executive, Executive Director

Christopher Miller

Executive Vice Chairman of the Board

David A. Roper

Executive Vice Chairman of the Board

Geoffrey P. Martin

Group Finance Director, Executive Director

Key Stats

1.64 mean rating - 14 analysts
Sell
Hold
Buy
Revenue (MM, GBP)

2016

0.9K

2017

2.1K

2018

8.6K

2019(E)

11.9K
EPS (GBp)

2016

4.400

2017

9.800

2018

13.300

2019(E)

13.368
Price To Earnings (TTM)
--
Price To Sales (TTM)
0.96
Price To Book (MRQ)
1.39
Price To Cash Flow (TTM)
65.22
Total Debt To Equity (MRQ)
54.71
LT Debt To Equity (MRQ)
48.99
Return on Investment (TTM)
-1.83
Return on Equity (TTM)
-1.48

Latest News

Latest News

Confident Melrose hikes dividend as profit rise lifts shares

Melrose Industries Plc <MRON.L> flagged its confidence in meeting full-year forecasts on Thursday as the turnaround specialist reported a better-than-expected first-half profit, despite weakness in its automotive business.

Melrose sees continued weakness in global automotive sector in H2

Melrose Industries Plc on Thursday warned that weakness in the global automotive market would persist in the second half of the year, but the turnaround specialist said it was confident of trading in line with its expectations this year.

GKN deal boosts Melrose's profit, eases economy worries

Melrose Industries' hard-fought takeover of British engineer GKN helped to boost 2018 profits at the turnaround specialist and ease analyst concerns about its ability to cope with a slowing global economy and weaker autos markets.

Melrose full-year adjusted pretax profit nearly triples

Turnaround specialist Melrose Industries Plc's full-year adjusted pretax profit nearly tripled, boosted by last year's hostile takeover of British engineer GKN.

Melrose to sell Walterscheid Powertrain Group for $262.7 million

Turnaround specialist Melrose Industries Plc said on Wednesday it plans to sell its off-highway powertrain applications business Walterscheid Powertrain Group to private equity firm One Equity Partners for about 200 million pounds ($262.7 million).

Melrose to sell Walterscheid Powertrain Group for $262.7 mln

Turnaround specialist Melrose Industries Plc said on Wednesday it would sell its off-highway powertrain applications business Walterscheid Powertrain Group to One Equity Partners, a U.S.-based private equity firm for about 200 million pounds ($262.68 million).

BRIEF-Melrose Industries Says Looks To Compulsorily Acquire Remaining GKN Shares

* NOW ACQUIRED, UNCONDITIONALLY CONTRACTED TO ACQUIRE OR RECEIVED VALID ACCEPTANCES OF OFFER IN RESPECT OF MORE THAN 90 PERCENT OF VALUE OF GKN

British government gives Melrose takeover of GKN the green light

Britain's business minister said there were no national security grounds to intervene in turnaround specialist Melrose's <MRON.L> takeover of UK engineering company GKN <GKN.L>, giving the deal the green light from government.

BRIEF-GKN quarterly sales drop 0.5 pct to 2.6 bln stg-Melrose

* GKN QUARTERLY SALES 2.599 BILLION STG VERSUS 2.611 BILLION STG YEAR AGO

BRIEF-Melrose Says Offer For Gkn Unconditional In All Respects

* MELROSE'S OFFER FOR GKN HAS BECOME UNCONDITIONAL IN ALL RESPECTS

BRIEF-Melrose Says Received Valid Acceptances Representing About 84.97 Pct Of GKN Voting Rights

* MELROSE INDUSTRIES PLC - MELROSE HAD RECEIVED VALID ACCEPTANCES REPRESENTING APPROXIMATELY 84.97 PER CENT

BRIEF-Melrose Industries Updates On GKN Offer

* ALL OUTSTANDING CONDITIONS TO GKN OFFER, SAVE FOR ADMISSION CONDITION, HAVE NOW BEEN SATISFIED OR WAIVED

BRIEF-Melrose Industries Says Received Valid Acceptances Of About 81.80 Pct Of Voting Rights Of GKN

* MELROSE HAS RECEIVED VALID ACCEPTANCES REPRESENTING APPROXIMATELY 81.80 PER CENT. OF VOTING RIGHTS OF GKN

BRIEF-FMR Raises Stake In Melrose Industries To 9.8 Pct From 7.84 Pct - Filing

* FMR LLC RAISES STAKE IN MELROSE INDUSTRIES PLC TO 9.8 PCT FROM 7.84 PCT Source text for Eikon: Further company coverage:

Melrose wins UK engineer GKN with £8 billion hostile bid

Melrose Industries has narrowly clinched an 8 billion-pound takeover of British engineer GKN, winning an acrimonious three-month battle for control of the FTSE 100 company.

Melrose’s 'Project Golf' bid for GKN beats engineer’s 'Damson' defence

The opening salvo in what would become a three-month battle for British engineer GKN <GKN.L> was fired by Melrose's <MRON.L> chief executive over the telephone.

European shares post worst quarter in two years despite late M&A lift

Merger and acquisition activity gave European shares some relief on Thursday after a tech-led sell-off across global markets earlier in the week, but the STOXX 600 still posted its worst quarter in the last two years.

FTSE posts worst quarter since 2011

Melrose's successful bid for GKN helped the UK's top share index finish the month on a positive note on Thursday and gave a mildly upbeat end to the FTSE 100's worst quarter since 2011.

Melrose succeeds in hostile bid for British engineer GKN

Melrose Industries has succeeded in its 8 billion pound ($11.22 billion) hostile bid for British engineer GKN after investors holding 52.4 percent of the FTSE 100 company accepted its cash and shares offer.

Fate of GKN hangs in balance as investors decide on Melrose bid

The three-month battle for GKN will be decided on Thursday when the deadline for shareholders to accept Melrose Industries' 8 billion pound hostile bid expires, ending one of the most closely-contested takeover fights in Britain for years.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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