Melrose ( (GB:MRO) ) just unveiled an update.
Melrose Industries PLC reported strong financial results for 2024, with profit at the top end of expectations despite supply chain challenges. The company confirmed its 2025 guidance, highlighting continued profit growth and substantial free cash flow. Melrose also launched new five-year targets, aiming for significant revenue and profit growth by 2029, driven by market-leading technologies and established positions in the aerospace industry. The announcement underscores Melrose’s strategic focus on business improvements and restructuring, positioning it well for future growth and stakeholder value.
More about Melrose
Melrose Industries PLC is a global aerospace technology business based in the UK, with over 30 manufacturing sites across 12 countries. The company is a ‘Super-Tier 1’ partner to airframe and engine OEMs, providing design-led solutions for high-volume aircraft. Melrose operates through two main divisions, Engines and Structures, serving both civil and defense markets with flight-critical components such as engine systems, airframe components, and electrical wiring systems.
YTD Price Performance: 22.79%
Average Trading Volume: 3,012,718
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £8.24B
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