Jet-propelled Meggitt
Meggitt, the engineering company focused on the aerospace, defence and energy markets, saw strong growth across all of its markets in 2011.
Meggitt, the engineering company focused on the aerospace, defence and energy markets, saw strong growth across all of its markets in 2011.
Revenue in 2011 rose by a quarter to £1,455.3m from £1,162.0m in 2010, and roughly in line with market expectations of £1,458.7m. The company said it continues to expect organic revenue growth of 6 to 7% on average over the next five years.
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Earnings per share rose 15% to 31.9p from 27.8p the year before. Analysts following the company had expected earnings per share of 31.0p.
The full year dividend has been bumped up 14% to 10.5p (consensus: 9.98p) from 9.20p.
More to follow ...
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