Will Melrose interims hold any surprises for investors?
The firm has already reported a 27% fall in revenue due to challenging conditions in both of its key aerospace and automotive sectors and that it has been loss-making for its second quarter. Despite this, the company still expects to report a small underlying operating profit for the first half, so the results will show exactly how small that figure is.
The companys outlook is also likely to be watched closely, with the ongoing disruption in the aircraft and travel sectors to weigh particularly heavily on the aerospace division. Sales in the segment are already expected to decline by 25%-30% in the full year, so investors will be hoping this forecast has not worsened and whether the firm is aiming to save costs to help lift its fortunes.
Significant events expected on Thursday, September 3:
Interims: Melrose Industries PLC (LON:MRO), Alpha FX Group PLC (LON:AFX), Curtis Banks Group PLC (LON:CBP), Foresight Solar Fund Ltd (LON:FSFL), Gulf Keystone Petroleum Ltd (LON:GKP), Headlam Group PLC (LON:HEAD), MPAC Group PLC (LON:MPAC), PPHE Hotel Group Ltd (Read More – Source