16 April 2024 - trading update

The leading UK defence group has issued a trading update covering the final quarter of its financial year ending on 31 March.  Trading during the quarter was strong with growth in organic revenue with a stable operating profit margin.  The period saw strong growth in its EMEA (Europe, Middle East and Australasia) Services business thanks to a strong order backlog and with order intake being strong as well this performance is expected to continue.  Slower growth was seen in Global Solutions during the period which was impacted by difficult market conditions in the US.  However . . .

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