Melrose (GB:MRO) has released an update.
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Melrose Industries PLC reports a 7% revenue increase in its latest trading update, driven by a 32% surge in its Engines division’s aftermarket business despite ongoing supply chain challenges. The company maintains its full-year profit expectations and anticipates significant cash flow improvements in 2025 following restructuring efforts. This outlook positions Melrose well for sustained growth and value creation in the aerospace sector.
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