Meggitt PLC 2019 Capital Markets Day (0276Z)
15 May 2019 - 4:00PM
UK Regulatory
TIDMMGGT
RNS Number : 0276Z
Meggitt PLC
15 May 2019
15 May 2019
Meggitt PLC
2019 Capital Markets Day
Roadmap to 2021
Meggitt PLC ("Meggitt" or "the Group"), a leading international
engineering company specialising in high performance components and
sub-systems for the aerospace, defence and energy markets, is today
hosting a capital markets day for investors and analysts in
London.
The presentation will include an update on progress in strategy
execution including an overview of:
-- How we have developed our strategy to capitalise on the
opportunities presented by anticipated changes in our
end-markets;
-- Our approach to sustaining competitive advantage over the
long term through the development of innovative technology;
-- Our operations strategy, including progress in executing the
Meggitt Production System and footprint rationalisation;
-- Progress in consolidating our supply chain to reduce purchased costs; and
-- How our new customer-aligned organisation is enabling our
Airframe Systems division to position for future growth.
The presentation reaffirms our guidance for margin and cash
improvement by 2021 and provides further detail on the expected
progress on financial improvement through to the end of this
period.
Tony Wood, Chief Executive Officer, said:
"Meggitt is a business with excellent potential. Our growing
installed base of over 71,000 aircraft, equipped with Meggitt
designed products and technology means we are well positioned to
sustain growth over the medium term.
Good progress in strategy execution underpins our confidence in
delivering our 2021 targets for margin and cash improvement and
creates further opportunities to enhance shareholder returns over
the long term."
The presentation will commence at 9am this morning and will be
webcast live at
https://www.investis-live.com/meggit/5cb5f7c4aac05f150048e7ed/mcmd
Contacts:
Louisa Burdett, Chief Financial Officer
Adrian Bunn, Vice President, Strategy & Investor
Relations
Meggitt PLC
Tel: +44 1202 597597
Deborah Scott, Senior Managing Director
Nick Hasell, Managing Director
FTI Consulting
Tel: +44 203 727 1340
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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