21st Jul 2010 10:00
21 July 2010
GKN: Trading update - First half 2010 results ahead of expectations
GKN reports that its trading performance has continued to improve strongly during the second quarter of 2010, with demand in automotive markets being well ahead of expectations. Accordingly, the Company will report management profit before tax of not less than £170 million for the six months ended 30 June 2010. Management will give guidance on the outlook for the second half of 2010 at its results meeting on 3 August 2010.
For further information
Guy StainerDirector, Investor Relations and External CommunicationsT: +44 (0)207 463 2382M: +44 (0)7739 778 187E: [email protected] LorenzFinancial DynamicsT: +44 (0)20 7269 7113M: +44 (0)7775 641 807Cautionary statement
This announcement contains forward looking statements which are made in good faith based on the information available to the time of its approval. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a number of risks and uncertainties that are inherent in any forward looking statement which could cause actual results to differ materially from those currently anticipated.
Notes to Editors
GKN plc is a global engineering business serving mainly the automotive, aerospace, industrial and off-highway markets. It has operations in more than 30 countries, around 38,500 employees in subsidiaries and joint ventures and had sales of £4.5 billion and trading profit of £156 million (restated) in the year ended 31 December 2009. GKN plc is listed on the London Stock Exchange .
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