Aerospace and defence - LSE - Mcap: £8.1bn - Price: 621p - Flash
Melrose Industries (MRO)
Steady climb
Melrose Industries continues to deliver strong performance improvements and is on track to achieve its ambitious margin targets in 2025 (Engines 28% and Structures 9%). As a focused aerospace group, Melrose is also benefiting from the positive long-term drivers in the sector with record civil order backlog. This bodes well for continued earnings momentum and cash generation to drive shareholder value.
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Analyst
David Larkam
Industrials analyst
industrials@edisongroup.com

