Melrose Industries PLC Trading Statement (4155Y)
09 Mayo 2019 - 1:00AM
UK Regulatory
TIDMMRO
RNS Number : 4155Y
Melrose Industries PLC
09 May 2019
9 May 2019
MELROSE INDUSTRIES PLC
Trading Statement
Melrose Industries PLC ("Melrose") publishes the following
trading update for the four months from 1 January 2019 to 30 April
2019, ahead of its Annual General Meeting taking place later
today.
Current trading in Melrose is in line with the Board's
expectations. Consistent with the recent commentary given at the
year-end results announcement in March and the Capital Markets
Event on 3 April this year, good progress is being made in
delivering the operational improvements required in our businesses
and specifically to achieve the GKN margin objectives disclosed at
the Investor Event.
After serving as Chief Executive for nine years, from the
flotation of Melrose in 2003 to 2012, and since then as Executive
Vice Chairman, David Roper has decided to step down and to retire
from the Group on 31 May 2020.
We will issue our interim results on 5 September 2019.
Justin Dowley, Chairman of Melrose, said:
"We have recently laid out our targets for GKN which are better
than those we indicated only one year ago at the time of the
acquisition, and which come on the back of a stronger performance
than expected in the first year of ownership. We are delighted to
keep investing in all our businesses, including Nortek and Brush,
and look forward to another year of progress. The businesses we own
have very valuable qualities and characteristics, and we look
forward to maximising their potential."
-ends-
Enquiries:
Montfort Communications: Nick Miles, Charlotte McMullen
+44 (0) 20 3514 0897
Investor Relations: ir@melroseplc.net
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END
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