Half Year Results 

Meggitt restructuring accelerates revenue growth

Meggitt restructuring accelerates revenue growth

Lower-than-expected aftercare revenues from the Boeing 737 Max barely dented the top-line performance of Meggitt (MGGT) in the first half of 2019. Even though the plane – to which the company supplies seals, composites and parts of the safety system – isn’t expected to take to the skies again until December, management has upgraded revenue growth guidance to between 4 per cent and 6 per cent as the outlook for the rest of its civil business improves.

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