28 February 2022 - final results
The aerospace and engineering company has announced its annual results for 2021 which have confirmed that recovery at the group is underway. Although revenue for the year declined to £659m (2020: £734m), the adjusted loss before tax fell to £1.9m from £6.2m the year before with net debt declining to £153.1m from £205.9m a year earlier. These results were broadly in line with expectations with profitability improving and debt being reduced. The group has won some important new contracts during the year and is seeing recovery in its core markets, including . . .
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