GKN sales up 9% in first quarter 2013

April 24, 2013

Sales at GKN for the three months ended 31 March 2013 totalled £1,891 million, a 9% increase over the comparable period in 2012 (£1,742 million).

Trading profit reduced slightly to £139 million, and included a £23 million charge for restructuring and a £19 million contribution from acquisitions. Trading margin was 7.4%, or 8.6% excluding the restructuring charges. Profit before taxation was £119 million, a 4% reduction over the comparable period in 2012.

Nigel Stein, Chief Executive, GKN plc, stated, “We have met our expectations for the first quarter against the backdrop of challenging end markets. Last year’s acquisition, GKN Aerospace Engine Systems (formerly Volvo Aero), is performing well against our restructuring and integration plan and made a strong financial contribution. With restructuring charges now largely behind us, we expect the remainder of the year to show improvement, supported by our market leadership positions, advanced technology and extensive global footprint.”

GKN Powder Metallurgy’s first quarter 2013 sales were broadly flat at £235 million. After including restructuring charges of £4 million, trading profit was £20 million. Trading margin was 8.5%, or 10.2% excluding restructuring. In 2012 the division reported sales of £874 million for the year, with profit of £87 million, trading margin for 2012 was reported at 10%.

gkn-pm-2012

Breakdown of GKN Powder Metallurgy sales in 2012 

 

www.gkn.com  

 

Posted by: Paul Whittaker, Editor ipmd.net, [email protected]   

News | Articles | Market reviews | Search directory | Subscribe to e-newsletter

In the latest issue of PM Review…

Download PDF

Extensive Powder Metallurgy industry news coverage, and the following exclusive deep-dive articles and reports:

  • Burgess-Norton and Amsted Automotive: How a legacy automotive supplier is growing with, not despite, electrification
  • Meeting sustainability demands in PM: High-temperature sintering of nickel- and copper-free powder mixtures for low alloyed PM parts
  • World PM2022: An overview of the status and trends in the global PM industry
  • A novel approach for the production of metal powders with tailored chemical compositions: Amazemet’s rePowder
  • Productivity, flexibility, reliability: SACMI’s new press technologies for the changing PM industry
  • Understanding the thermal properties of metal powders: Characterisation of powders using the Hot Disk technique
  • World PM2022: Views on the potential of Field Assisted Sintering for advanced materials

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of PM Review, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

From the industry…

Discover our magazine archive…

The free-to-access PM Review magazine archive offers unparalleled insight into the world of Powder Metallurgy from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

 

Browse the archive

 

Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of PM Review magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
Download PDF
Share via
Copy link