GKN starts 2012 with sales up 17% in first quarter

April 18, 2012

April 18, 2012

GKN Plc, UK, has continued to make good progress with sales for the three months ended 31 March 2012 totalling £1,742 million, a 17% increase over the comparable period in 2011, or an 8% increase on an underlying basis. The increase in sales from acquisitions less divestments was £143 million.

Helped by a strong performance from its 2011 acquisitions, trading profit increased to £142 million, representing a 19% increase, with a margin of 8.2%. Margin improvement was achieved in all four divisions. Profit before taxation was £125 million, up 17% over the comparable period in 2011.


GKN 2011 Powder Metallurgy sales (courtesy GKN) 

Nigel Stein, Chief Executive, GKN plc, commented: “GKN has made an excellent start to the year with sales up 17% and margin improvement in all four divisions. Last year’s acquisitions, Getrag Driveline Products and Stromag, have been successfully integrated and both made a strong contribution. Despite some macro-economic uncertainty, we expect 2012 to be a year of good progress for GKN based on our market leadership positions, advanced technology and extensive global footprint.”

Market conditions in the first quarter were consistent with the groups expectations, with global light vehicle production up 4%, civil aerospace improving and further growth in the agricultural and construction/mining markets.

GKN Powder Metallurgy

GKN Powder Metallurgy’s first quarter 2012 sales increased 9% to £236 million, benefiting from good growth in North American automotive production and new programme launches across the Division, stated the company. Trading profit was £22 million with the trading margin improving to 9.3%.



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

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

April 18, 2012

In the latest issue of PM Review…

Download PDF

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

  • From powder modification to rejuvenation: Fluidised Bed Reactors in metal powder production and Additive Manufacturing
  • Retech: Enabling the atomisation of reactive and refractory alloys at substantially higher levels of productivity and lower cost
  • Sustainability in Powder Metallurgy: Highlights from the 41st Hagen Symposium
  • Innovations from Japan’s Powder Metallurgy industry: award winners highlight novel automotive and healthcare applications

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

Join our community

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
View online
Share via
Copy link