Reported about 6 hours ago
Melrose, the owner of GKN Aerospace, has projected its 2025 revenue to fall below analysts' expectations, resulting in a significant drop in its shares, which fell by up to 12% on the FTSE-100 index. The company cites ongoing global trade uncertainties and supply chain challenges as key factors. Despite these issues, Melrose anticipates a growing demand for after-market services and defense spending, forecasting revenue between £3.55 billion and £3.70 billion, which is lower than the consensus estimate of £3.77 billion.
Source: YAHOO