10 November 2020 - third quarter trading update

A reassuring trading update has been provided by the company, which specialises in high performance components and sub-systems for the aerospace, defence and energy markets.  This covered the third quarter ended 30 September 2020 and updated guidance for the year to 31 December 2020.  Group revenue in the third quarter was £384m, down 25% on an organic basis.  This means that revenue for the first nine months was £1,301m, down 18% on the same basis.  There was continued strong performance from defence, with organic growth of 9% in the third quarter . . .

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