15 November 2022 - trading update
The group has issued a trading update covering the period 1 July 2022 to 31 October 2022 which has confirmed that trading is in line with expectations. Group revenue for the period is 14% higher than in the same period in 2021, whilst operating profit is substantially higher. Both divisions at the group have performed well with both recording higher revenues as well as higher operating margins with cash generation also in line with expectations. The demerger of GKN Automotive and GKN Powder Metallurgy remains on track for H1 2023. This statement is reassuring, especially . . .
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