Trading Statement15 Nov 2022 07:54
A good solid update, nothing in it not to like
* Group revenue in the Period is 14% up on the same period last year and operating profit is substantially higher
*Aerospace enjoyed improving momentum in the first half of the year, with sales up 11%, and encouragingly trading has
been stronger again
*Automotive and Powder Metallurgy (DemergerCo), Revenue in these two businesses combined is up 19% in the Period
versus the same period last year, with margins significantly stronger
*Cash generation is performing in line with expectations and is on track, in the second half, to achieve materially higher
operating cash generation than in the first half
Will add more and this is now a long-term hold for me