OverviewSuggest Edit

Meggitt is a global engineering group specializing in extreme environment components and sub-systems for the aerospace, defense, and energy markets. It operates through Aircraft Braking Systems, Control Systems, Polymers and Composites, Sensing Systems, and Equipment Group segments. Its product portfolio includes advanced composites, braking systems, condition monitoring systems, defense systems, engine systems, fire protection, motion control, safety systems, sealing solutions, sensors, thermal management, etc.

TypePublic
Founded1850
HQChristchurch, GB
Websitemeggitt.com
Employee Ratings3.2
Culture scoreF

Latest Updates

Employees (est.) (Dec 2019)12,500(+7%)
Job Openings21
Revenue (FY, 2019)£2.3 B(+10%)
Share Price (May 2020)£264.1 (-3%)

Key People/Management at Meggitt

Nigel Rudd DL

Nigel Rudd DL

Non-Executive Chairman
Paul Devaux

Paul Devaux

President, Energy & Equipment
Stewart Watson

Stewart Watson

President, Services & Support
Chris Allen

Chris Allen

President, Airframe Systems
Hugh Clayton

Hugh Clayton

Group Director, Engineering & Strategy
Alison Goligher

Alison Goligher

Non-Executive Director
Show more

Meggitt Office Locations

Meggitt has offices in Christchurch, Basingstoke, Birmingham, Coventry and in 50 other locations
Christchurch, GB (HQ)
Atlantic House, Aviation Park West
Basingstoke, GB
Viables Industrial Estate
Birmingham, GB
Oscar House, Wharfdale Rd
Birmingham, GB
Wood Lane, Erdington
Coventry, GB
Holbrook Ln
Dunstable, GB
Unit 19, Eyncourt Road, Woodside Industrial Estates
Show all (58)

Meggitt Financials and Metrics

Meggitt Revenue

Embed Graph
View revenue for all periods
Meggitt's revenue was reported to be £2.28 b in FY, 2019 which is a 9.4% increase from the previous period.
GBP

Revenue (FY, 2019)

2.3b

Revenue growth (FY, 2018 - FY, 2019), %

9.4%

Gross profit (FY, 2019)

818.2m

Gross profit margin (FY, 2019), %

35.9%

Net income (FY, 2019)

222.6m

EBIT (FY, 2019)

325.3m

Market capitalization (21-May-2020)

2.1b

Closing stock price (21-May-2020)

264.1

Cash (31-Dec-2019)

155.3m

EV

3.0b
Meggitt's current market capitalization is £2.1 b.
Annual
GBPFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

1.6b2.0b2.0b2.1b2.3b

Revenue growth, %

6%21%2%3%9%

Cost of goods sold

997.2m1.2b1.2b1.3b1.5b

Gross profit

650.0m775.2m793.3m760.5m818.2m
Half Year
GBPH1, 2016H1, 2017H1, 2018H1, 2019

Revenue

882.9m968.1m952.2m1.1b

Cost of goods sold

547.4m586.9m607.8m697.0m

Gross profit

335.5m381.2m344.4m373.9m

Gross profit Margin, %

38%39%36%35%
Annual
GBPFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

145.4m173.8m118.5m181.9m155.3m

Accounts Receivable

265.9m334.1m320.1m344.1m330.4m

Prepaid Expenses

17.9m21.6m18.1m23.1m18.2m

Inventories

415.2m468.5m404.1m441.2m489.8m
Half Year
GBPH1, 2016H1, 2017H1, 2018H1, 2019

Cash

61.2m96.6m103.7m116.4m

Inventories

496.5m469.7m452.7m492.2m

Current Assets

957.5m981.0m1.0b1.1b

PP&E

313.4m323.9m405.3m409.0m
Annual
GBPFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

182.1m171.2m350.0m179.0m222.6m

Depreciation and Amortization

154.5m203.4m208.0m185.8m195.7m

Inventories

(14.6m)(12.5m)16.3m(33.5m)(75.6m)

Accounts Payable

27.3m11.3m8.4m30.0m29.3m
Half Year
GBPH1, 2016H1, 2017H1, 2018H1, 2019

Net Income

42.1m160.6m90.4m56.6m

Depreciation and Amortization

91.1m102.2m91.7m96.3m

Cash From Operating Activities

58.8m108.9m88.2m85.2m

Purchases of PP&E

(22.2m)(28.4m)(29.4m)(33.4m)
GBPY, 2019

EV/EBIT

9.1 x

EV/CFO

8.1 x

Revenue/Employee

182.1k

Debt/Equity

0.4 x

Debt/Assets

0.2 x

Financial Leverage

1.9 x

P/E Ratio

933.2
Show all financial metrics

Meggitt Operating Metrics

FY, 2014H1, 2015FY, 2015H1, 2016FY, 2016H1, 2017FY, 2017H1, 2018FY, 2018H1, 2019FY, 2019

Order Volume

£1.61 b£775.30 m£1.63 b£911.80 m£1.99 b£966.80 m£2.08 b£1.09 b£2.24 b£1.19 b£2.47 b

Aircraft Installed Base

63 k63 k64 k65 k67 k68 k69 k70 k71 k71 k73 k

Aircraft Installed Base (Aircraft Braking Systems)

34 k30 k34 k35 k34 k35 k35 k35 k35 k57 k

Book-to-bill Ratio

108%109%
Show all operating metrics

Meggitt Acquisitions / Subsidiaries

Company NameDateDeal Size
Meggitt (Maryland), Inc.June 16, 2017
EDAC Composites LLCDecember 18, 2015$340 m
Piezotech, LLCAugust 28, 2013$41.20 m
Securaplane Technologies, Inc.April 21, 2011
Pacific Scientific Energetic MaterialsJanuary 20, 2011$685 m
Ferroperm Piezoceramics A/SJanuary 08, 2008£10 m
K&F IndustriesJune 22, 2007$1.80 b
Keith ProductsSeptember 13, 2006$32 m
Firearms Training Systems IncAugust 24, 2006
Precision Engine Controls CorporationJanuary 06, 0201$44.20 m
Show more

Meggitt Revenue Breakdown

Embed Graph

Meggitt revenue breakdown by business segment: 20.7% from Services & Support, 18.1% from Energy & Equipment, 14.5% from Engine Systems, 46.5% from Airframe Systems and 0.2% from Other

Meggitt revenue breakdown by geographic segment: 15.0% from Rest of World, 59.0% from United States of America, 18.2% from Rest of Europe and 7.8% from UK

Meggitt Online and Social Media Presence

Embed Graph

Meggitt Company Culture

  • Overall Culture

    F

    48/100

  • CEO Rating

    C-

    63/100

  • Compensation

    F

    24/100

Learn more on Comparably

Meggitt News and Updates

British engineer Meggitt working to make ventilators

British engineer Meggitt said it was leading a consortium of UK aerospace suppliers to develop and produce in large volumes a ventilator to help tackle coronavirus.

Meggitt boosts profit but warns over coronavirus and 737 Max hit

Meggitt said that it would be impacted by both the coronavirus outbreak and the halt in production of the 737 The post Meggitt boosts profit but warns over coronavirus and 737 Max hit appeared first on CityAM.

Meggitt sees 2020 growth constrained by 737 MAX difficulties, coronavirus impact

British engineering company Meggitt warned that its growth in 2020 would be constrained by the impact of the halt to production of Boeing's 737 MAX aircraft, combined with the disruption caused by coronavirus.

Engineering firm Meggitt warns on annual margins due to 737MAX grounding

British engineering firm Meggitt Plc on Tuesday raised its outlook for annual organic revenue growth, buoyed by good third-quarter performance in the U.S. defence market but warned of pressured margins due to the grounding of Boeing's 737MAX.

Meggitt and Luna Innovations sign exclusive license agreement for the supply of fibre optic technology

Meggitt PLC, a leading international company specialising in high-performance components and sub-systems for the aerospace, defence and energy markets, and Luna Innovations, Incorporated (NASDAQ:  LUNA), a market leader for fibre optic-based technology, have signed an exclusive license agreement for…
Show more

Meggitt Frequently Asked Questions

  • When was Meggitt founded?

    Meggitt was founded in 1850.

  • Who are Meggitt key executives?

    Meggitt's key executives are Nigel Rudd DL, Paul Devaux and Stewart Watson.

  • How many employees does Meggitt have?

    Meggitt has 12,500 employees.

  • What is Meggitt revenue?

    Latest Meggitt annual revenue is £2.3 b.

  • What is Meggitt revenue per employee?

    Latest Meggitt revenue per employee is £182.1 k.

  • Who are Meggitt competitors?

    Competitors of Meggitt include Cobham, Senior and Arotech.

  • Where is Meggitt headquarters?

    Meggitt headquarters is located at Atlantic House, Aviation Park West, Christchurch.

  • Where are Meggitt offices?

    Meggitt has offices in Christchurch, Basingstoke, Birmingham, Coventry and in 50 other locations.

  • How many offices does Meggitt have?

    Meggitt has 58 offices.