19th Jun 2015 17:20
19 June 2015
Meggitt PLC
Divisional restatement
On February 24 2015, we announced in our 2014 full-year results statement that the Meggitt Avionics business had been transferred from Meggitt Equipment Group to Meggitt Sensing Systems with effect from the beginning of 2015.
The tables below show the 2014 first half and full-year segmental revenue, underlying operating profit and underlying operating margin restated for the new structure.
H1 2014 revenue | H1 2014 underlying operating profit | H1 2014 underlying operating margin | |||||
As reported | Restated | As reported | Restated | As reported | Restated | ||
£m | £m | £m | £m | ||||
Aircraft Braking Systems | 150.3 | 150.3 | 56.3 | 56.3 | 37.4% | 37.4% | |
Control Systems | 162.5 | 162.5 | 44.2 | 44.2 | 27.2% | 27.2% | |
Polymers &Composites | 76.9 | 76.9 | 10.0 | 10.0 | 13.0% | 13.0% | |
Sensing Systems | 188.0 | 212.8 | 21.7 | 29.1 | 11.6% | 13.7% | |
Equipment Group | 141.2 | 116.4 | 19.2 | 11.8 | 13.6% | 10.1% | |
Group total | 718.9 | 718.9 | 151.4 | 151.4 | 21.1% | 21.1% | |
FY 2014 revenue | FY 2014 underlying operating profit | FY 2014 underlying operating margin | ||||
As reported | Restated | As reported | Restated | As reported | Restated | |
£m | £m | £m | £m | £m | £m | |
Aircraft Braking Systems | 327.0 | 327.0 | 127.5 | 127.5 | 39.0% | 39.0% |
Control Systems | 348.7 | 348.7 | 91.8 | 91.8 | 26.3% | 26.3% |
Polymers & Composites | 162.3 | 162.3 | 20.2 | 20.2 | 12.4% | 12.4% |
Sensing Systems | 398.2 | 451.0 | 58.4 | 75.7 | 14.7% | 16.8% |
Equipment Group | 317.5 | 264.7 | 48.1 | 30.8 | 15.1% | 11.6% |
Group total | 1,553.7 | 1,553.7 | 346.0 | 346.0 | 22.3% | 22.3% |
For further information, contact Richard Cashin, Group Head of Investor Relations on +44 (0)1202 597867, or by email at [email protected].
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