Currency fluctuations lift aerospace group in flat markets
Currency fluctuations have helped to boost aerospace and energy supplier Meggitt despite first half trading being subdued.
The group, which has a clutch of operations in the West Midlands, saw flat organic revenue growth in the first six months, largely due to subdued military and defence spending.
However, positive currency movements helped the group to a 10% growth in reported revenues, a situation aided by growth (2%) in the civil aerospace sector.
For the six months to June 30, 2017, the group reported a 6% growth in orde... 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...
