Aerospace and defence engineering firm Meggitt says it will deliver "low double digit organic growth" in the full year to December.
The company, which does not give precise figures for the third quarter, says its strong performance in the first half of the year has continued.
We know from its half yearly statement that, as of the end of June, pre tax profits were £112.2m on revenues of £649.8m.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
There are a few storm clouds however, notably what the firm describes as "currency headwinds" caused by the appreciation of the Swiss Franc, this is likely to hit income by £16m.
For 2012 Meggitt says it will generate revenue growth of 10%.
Shares in the firm were down 2.31% in early trading.
BS
-
FTSE 100 hits record highs – why is it rising and will we see more gains?Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
-
How to invest in copperIt may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
