Update on trends and Guidance for 2016

Meggitt PLC

("Meggitt")

Update on short and medium-term trends and

Guidance for 2016

Meggitt PLC, a leading international engineering company specialising in high performance components and sub-systems for the aerospace, defence and energy markets, will today update analysts and investors on short and medium-term market trends, and provide guidance for 2016.

Trading during October and November has been consistent with guidance given at the time of the October trading update.

For the full year 2016, Meggitt anticipates organic (excluding the effects of acquisitions, disposals and foreign exchange) revenue growth of low- to mid-single digits in civil OE, civil aftermarket and military, and a continued decline in energy reflecting weakness in the broader energy market. These will aggregate to a Group organic growth rate in low-single-digits, with reported revenue growth benefitting from the effect of the acquisitions announced earlier this year. Meggitt anticipates that the negative mix effects in the second half of 2015 will continue into 2016, and will be broadly offset by the previously announced cost reduction activities.

Cash generation for the Group remains good, and the Board remains committed to a progressive dividend policy.

Over the medium term, the Group is well positioned to deliver organic revenue growth ahead of the end markets in which it operates. This replaces previous revenue guidance.

The analyst and investor call, to be held today at 1.30pm GMT, will be hosted by Stephen Young, Chief Executive; Doug Webb, CFO; and Richard Cashin, Group Head of Investor Relations. The dial-in details are as follows:

From the UK: 0800 368 0649

International: +44 (0)203 059 8125

Participant code: Meggitt.

The accompanying slide show can be reached at: www.incommuk.com/customers/meggitt

A replay of the call, and the full slide deck, will be available at www.meggitt.com after the event.

ENDS

For further information, please contact:

Editor's notes: 

Meggitt PLC

Headquartered in the United Kingdom, Meggitt PLC is an international group operating in North America, Europe and Asia. Known for its specialised extreme environment engineering, Meggitt is a world leader in aerospace, defence and energy. Meggitt employs approximately 10,500 people at over 40 manufacturing facilities and regional offices worldwide.