13 August 2024 - interim results
The automotive engineering group has announced mixed results for the six month period to 30 June with most parts of the business doing well but ePowertrain being significantly impacted by market volatility in the electric vehicle market. As a result, adjusted group revenues for the period fell by 9.2% to £2.57bn with the pre-tax profit on the same basis declining by 32% to £95m. Earnings per share on the same basis were also 32% lower at 4.9p and an interim dividend of 1.4p was declared. The market environment is clearly . . .
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