Melrose Industries PLC (OTCPK:MLSPF) This autumn 2024 Earnings Convention Name March 6, 2025 5:30 AM ET
Firm Members
Peter Dilnot – Chief Govt Officer
Matthew Gregory – Chief Monetary Officer
Convention Name Members
Sam Burgess – Citigroup
David Perry – JPMorgan
Ian Douglas-Pennant – UBS
Mark Fielding – RBC
Mark Davis Jones – Stifel
Richard Paige – Deutsche Numis
Jon Mounsey – BNP Paribas Exane
Peter Dilnot
Nicely, hiya, everybody, and welcome to Melrose 2024 Outcomes. It is nice to see so lots of you right here in London with us and I do know we have a lot of others on the webcast too. So welcome to you all and thanks for becoming a member of us.
Now that is truly our third set of outcomes as a targeted aerospace expertise enterprise. 2024 was a busy and profitable 12 months for us and we have good momentum going into 2025. And clearly we will cowl a lot of that shortly.
However importantly at present, we’re additionally asserting new five-year targets. These are constructed on our clear plans for our repositioned aerospace group they usually additionally mirror our confidence and our pleasure about the place we will take Melrose from right here.
So operating order at present is I am going to give some highlights on all of this upfront after which Matthew will do 2024 and 2025 earlier than I return to speak in additional element about these five-year targets.
Let’s simply get began with some headlines. Firstly, as I mentioned, we delivered a robust efficiency in 2024 with revenue on the high finish of expectations in opposition to a backdrop of what everyone knows has been a tough time within the business with provide chain challenges. This progress continues with our constructive momentum into 2025. And this 12 months we will full our multiyear transformational restructuring program and we’ll additionally ship substantial free money move.