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Melrose Industries PLC

MRON.L

Latest Trade

168.85GBp

Change

4.95(+3.02%)

Volume

33,755,701

Today's Range

163.85

 - 

169.45

52 Week Range

82.20

 - 

189.90

As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay

Pricing

Previous Close
163.90
Open
164.35
Volume
33,755,701
3M AVG Volume
168.57
Today's High
169.45
Today's Low
163.85
52 Week High
189.90
52 Week Low
82.20
Shares Out (MIL)
4,858.25
Market Cap (MIL)
8,203.16
Forward P/E
28.46
Dividend (Yield %)
0.44

Next Event

Melrose Industries PLC Annual Shareholders Meeting

Latest Developments

More

GKN Powder Metallurgy To Establish New Business Unit GKN Hydrogen

Melrose Industries Says Proposed Disposal Of Nortek Air Management For $3.625 Billion

Melrose Industries Says Heather Lawrence, Victoria Jarman As Non-Exec Directors

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About Melrose Industries PLC

Melrose Industries PLC is a United Kingdom-based company focused on acquiring manufacturing businesses. Its segments include Aerospace, a multi-technology supplier of air frame and engine structures and electrical interconnection systems, including aerostructures and special technologies; Automotive, which comprises Driveline technology, All-wheel & 4-wheel drive systems and e-drive, and Cylinder Liners businesses, a technology and systems engineer which designs, develops, manufactures and integrates a range of driveline technologies, sideshafts and propshafts; Powder Metallurgy, which provides precision powder metal parts for the automotive and industrial sectors, as well as the production of powder metal; Nortek Air management & security, comprises of Nortek Global HVAC and Nortek Air Quality & Home Solutions, it also comprises of air management and security and smart technology businesses, and Other Industrial, includes Ergotron, Brush and Wheels & Structures businesses.

Industry

Auto & Truck Parts

Contact Info

Leconfield House, Curzon Street

W1J 5JA

United Kingdom

+44.20.76474500

https://www.melroseplc.net

Executive Leadership

Justin Dowley

Non-Executive Independent Chairman of the Board

Simon Antony Peckham

Chief Executive, Executive Director

Christopher Miller

Executive Vice Chairman of the Board

David A. Roper

Executive Vice Chairman of the Board

Geoffrey P. Martin

Group Finance Director, Executive Director

Key Stats

1.83 mean rating - 12 analysts
Sell
Hold
Buy
Revenue (MM, GBP)

2018

8.6K

2019

11.6K

2020

8.8K

2021(E)

8.7K
EPS (GBp)

2018

13.300

2019

14.300

2020

2.400

2021(E)

5.932
Price To Earnings (TTM)
--
Price To Sales (TTM)
0.94
Price To Book (MRQ)
1.16
Price To Cash Flow (TTM)
16.57
Total Debt To Equity (MRQ)
51.49
LT Debt To Equity (MRQ)
48.02
Return on Investment (TTM)
-3.73
Return on Equity (TTM)
-3.00

Latest News

Latest News

FTSE 100 hits over 1-year high on strong earnings; BoE slows bond-buying

London's FTSE 100 hit a more than one-year high on Thursday, boosted by heavyweight consumer staple stocks and positive earnings updates from Next and Melrose Industries, while the Bank of England eased the pace of bond-buying and raised the forecast for economic growth.

Melrose warns chip shortage to hit auto business after strong recovery

Britain's Melrose Industries warned on Thursday its growth would be hit by a shortage of chips in the automotive supply chain as it recorded a rise in sales so far in 2021 thanks to a recovery in demand for cars and powder metals.

UK's Melrose warns chip shortage to hit auto unit

British engineer Melrose Industries on Thursday warned its growth would be hit by a shortage of semiconductors in the global automotive supply chain.

FTSE 100 drops on stronger pound; Melrose top loser

London’s FTSE 100 ended lower on Monday, dragged down by a stronger pound and as weaker oil prices weighed on energy firms, with Melrose the worst performer on the index after it decided to sell its air management unit.

UK's Melrose to sell Nortek Air Management unit for about $3.63 billion

Melrose Industries has agreed to sell its Nortek Air Management business for about 2.62 billion pounds ($3.63 billion) and plans to use the proceeds to pay down debt, reduce a UK pension deficit and return cash to shareholders.

UK's Melrose to sell Nortek Air Management for $3.63 bln

Melrose Industries said on Monday it has agreed to sell its Nortek Air Management business for 2.62 billion pounds ($3.63 billion) to Chicago-based Madison Industries, with a portion of the proceeds to be returned to shareholders.

Breakingviews - Capital Calls: Melrose refurb has further to run

Concise insights on global finance in the Covid-19 era.

Melrose lifts FTSE 100 ahead of Sunak's spending plan announcement

London's FTSE 100 rose on Wednesday, buoyed by Melrose Industries after it gave an upbeat trading update, with the focus also turning towards Britain's one-year spending plan announcement later in the day.

UPDATE 2-British stocks abandon gains as miners tumble; Melrose jumps

* FTSE 100 down 1.6%, FTSE 250 down 1.3% (Recasts throughout, adds comments)

GKN owner Melrose sees pick-up in some markets after first-half profit slumps 90%

Engineering business owner Melrose Industries <MRON.L> said on Thursday there were signs of a pick-up in some of its markets, excluding aerospace, after the coronavirus crisis slashed its first-half profit by 90% and prompted job cuts.

Melrose profit dives 90% as COVID-19 hits aerospace, automotive sectors

Turnaround specialist Melrose Industries Plc said on Thursday adjusted operating profit plunged 90% to 56 million pounds ($74.48 million) in the first half, hurt by a coronavirus-driven downturn in the aerospace and automotive sectors.

BRIEF-Melrose Industries Says 4 Months Group Sales Down About 20% Due To Covid-19

* MELROSE INDUSTRIES - GROUP TRADED IN LINE WITH EXPECTATIONS FROM 1 JANUARY 2020 UNTIL MID-MARCH 2020

BRIEF-Melrose Industries Says Standard Annual Confirmation Of POUs

* STANDARD ANNUAL CONFIRMATION OF POST-OFFER UNDERTAKINGS IN RELATION TO ACQUISITION OF GKN Source text for Eikon: Further company coverage:

BRIEF-Melrose Industries Says From Mid-March, Deterioration Started To Be Seen & Was Experienced In End Markets

* FOLLOWING A SUCCESSFUL 2019, GROUP TRADED IN LINE WITH MANAGEMENT EXPECTATIONS FROM JANUARY THROUGH TO MID-MARCH

Melrose Industries says GM strike hurt automotive, powder metallurgy units

Turnaround specialist Melrose Industries Plc <MRON.L> said on Tuesday that a strike at U.S. automaker General Motors <GM.N> dented sales at its automotive and powder metallurgy units for four months.

REFILE-UPDATE 2-Confident Melrose hikes dividend as profit rise lifts shares

Melrose Industries Plc flagged its confidence in meeting full-year forecasts on Thursday as the turnaround specialist reported a better-than-expected first-half profit, despite weakness in its automotive business.

Melrose sees continued weakness in global automotive sector in H2

Melrose Industries Plc on Thursday warned that weakness in the global automotive market would persist in the second half of the year, but the turnaround specialist said it was confident of trading in line with its expectations this year.

UPDATE 2-GKN deal boosts Melrose's profit, eases economy worries

* Shares rise as much as 6 pct to top FTSE-100 (Adds Chairman, analyst comments, shares, background)

Melrose full-year adjusted pretax profit nearly triples

Turnaround specialist Melrose Industries Plc's full-year adjusted pretax profit nearly tripled, boosted by last year's hostile takeover of British engineer GKN.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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