Stronger than expected automotive demand boosts Q1 for GKN

A better-than-expected performance in the global automotive sector has helped boost West Midlands engineering group GKN. In a first quarter update, the Redditch-based group said automotive demand had helped offset slower-than-planned growth in the aerospace sector. Overall, the group said it had achieved good organic sales growth in Q1, while continuing to benefit from currency translation. Group trading margin moved ahead of last year primarily due to an increase in GKN Driveline, although it and GKN Powder Metallurgy were i... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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