Meggitt PLC (MGGT.L)
23 Mar 2018
Tue, Feb 27 2018
LONDON, Feb 27 Shares in Meggitt fell more than 6 percent on Tuesday after 2017 results and outlook missed analyst forecasts, although the British engineer said the performance of its military and energy businesses would improve in 2018.
* FY UNDERLYING PRETAX PROFIT 357.9 MILLION STG VERSUS 352.1 MILLION STG YEAR AGO
* NOTES ENACTMENT OF TAX CUTS AND JOBS ACT IN UNITED STATES ON 22 DECEMBER 2017
Dec 14 Meggitt said Dassault Aviation SA's cancellation of its Falcon 5X business jet programme could lead to a non-cash impairment of some or all of the capitalised work undertaken by Meggitt to date.
* Q3 revenue held back by declines in military and energy units
Nov 14 Meggitt Plc, which makes components for aerospace, defense and energy markets, named Tony Wood chief executive officer, effective Jan. 1.