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Meggitt revenue rise 9%

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Christian Fernsby ▼ | February 25, 2020
Meggitt saw revenue in 2019 rise 9% to £2.28bn from £2.08bn in 2018; on a like for like (LFL) basis, revenue grew 8%, which was ahead of the company's recently raised guidance.
Meggitt   Underlying profit before tax was up 11%
Underlying profit before tax was up 11% (LFL: 8%) to £370.3mln from £334.8mln while reported profit before tax, which includes what the company regards as one-off items, jumped 33% to £286.7mln from £216.1mln.

Topics: Meggitt

Net debt at the end of 2019 had narrowed to £911.2mln from £1.07bn a year earlier.

The full year dividend has been nudged up to 17.5p from 16.65p.