£952.2 M

Meggitt Revenue H1, 2018
Meggitt Gross profit (H1, 2018)344.4 M
Meggitt Gross profit margin (H1, 2018), %36.2%
Meggitt Net income (H1, 2018)90.4 M
Meggitt EBIT (H1, 2018)123.8 M
Meggitt Cash, 30-Jun-2018103.7 M

Meggitt Revenue

Meggitt revenue was £2.03 b in FY, 2017 which is a 1.8% year over year increase from the previous period.

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Meggitt Revenue Breakdown

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Meggitt revenue breakdown by business segment: 12.9% from Meggitt Equipment Group, 25.4% from Meggitt Sensing Systems, 16.6% from Meggitt Polymers & Composites, 26.0% from Meggitt Control Systems and 19.1% from Meggitt Aircraft Braking Systems

Meggitt Income Statement

Annual

GBPFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

1.6b1.6b2.0b2.0b

Revenue growth, %

(5%)6%21%2%

Cost of goods sold

935.9m997.2m1.2b1.2b

Gross profit

617.8m650.0m775.2m793.3m

Gross profit Margin, %

40%39%39%39%

R&D expense

85.4m92.4m

Operating expense total

381.6m413.4m541.5m489.1m

EBIT

304.2m

EBIT margin, %

15%

Interest expense

43.2m

Interest income

1.4m

Pre tax profit

208.9m210.2m195.5m262.4m

Income tax expense

31.9m28.1m24.3m(87.6m)

Net Income

177.0m182.1m171.2m350.0m

Half Year

GBPH1, 2015H1, 2016H1, 2017H1, 2018

Revenue

793.7m882.9m968.1m952.2m

Cost of goods sold

473.5m547.4m586.9m607.8m

Gross profit

320.2m335.5m381.2m344.4m

Gross profit Margin, %

40%38%39%36%

R&D expense

76.6m65.7m

Operating expense total

190.7m272.5m173.0m220.6m

EBIT

123.8m

EBIT margin, %

13%

Pre tax profit

115.8m46.6m185.5m1.1b

Income tax expense

16.2m4.5m24.9m(14.8m)

Net Income

99.6m42.1m160.6m90.4m

Meggitt Balance Sheet

Annual

GBPFY, 2015FY, 2016FY, 2017

Cash

145.4m173.8m118.5m

Accounts Receivable

353.7m434.5m428.4m

Inventories

415.2m468.5m452.7m

Current Assets

928.2m1.1b972.3m

PP&E

290.3m336.9m406.8m

Goodwill

1.9b2.1b1.9b

Total Assets

4.5b5.3b4.6b

Accounts Payable

402.1m464.0m406.1m

Short-term debt

4.0m175.7m71.4m

Current Liabilities

492.2m760.2m645.9m

Long-term debt

1.2b1.2b1.0b

Non-Current Liabilities

1.9b2.1b1.6b

Total Debt

1.2b1.3b1.1b

Total Liabilities

2.4b2.9b2.3b

Common Stock

38.8m38.8m38.8m

Additional Paid-in Capital

1.2b1.2b1.2b

Retained Earnings

71.0m630.6m642.7m

Total Equity

2.2b2.5b2.3b

Debt to Equity Ratio

0.5 x0.5 x0.5 x

Debt to Assets Ratio

0.3 x0.3 x0.2 x

Financial Leverage

2.1 x2.2 x2 x

Half Year

GBPH1, 2015H1, 2016H1, 2017H1, 2018

Cash

95.3m61.2m96.6m103.7m

Accounts Receivable

309.9m393.8m406.7m411.9m

Inventories

359.1m496.5m469.7m452.7m

Current Assets

771.0m957.5m981.0m1.0b

PP&E

254.2m313.4m323.9m405.3m

Goodwill

1.5b2.0b2.0b2.0b

Total Assets

3.9b4.9b5.0b4.7b

Accounts Payable

330.7m377.9m391.7m389.4m

Short-term debt

25.4m15.3m200.6m63.1m

Current Liabilities

424.7m492.4m716.6m632.3m

Long-term debt

776.2m1.3b1.0b1.1b

Non-Current Liabilities

1.4b2.1b1.8b1.7b

Total Debt

801.6m1.3b1.2b1.1b

Total Liabilities

1.9b2.6b2.5b2.3b

Common Stock

39.1m38.8m38.8m38.8m

Additional Paid-in Capital

1.2b1.2b1.2b1.2b

Retained Earnings

643.1m574.8m732.6m688.2m

Total Equity

2.1b2.3b2.5b2.4b

Debt to Equity Ratio

0.4 x0.6 x0.5 x0.5 x

Debt to Assets Ratio

0.2 x0.3 x0.2 x0.2 x

Financial Leverage

1.9 x2.1 x2 x2 x

Meggitt Cash Flow

Annual

GBPFY, 2015FY, 2016FY, 2017

Cash From Operating Activities

375.4m321.8m377.2m

Purchases of PP&E

(45.8m)(51.7m)(62.0m)

Cash From Investing Activities

(539.6m)(130.9m)(130.8m)

Long-term Borrowings

(224.2m)

Dividends Paid

(111.1m)(113.0m)(118.6m)

Cash From Financing Activities

202.0m(185.7m)(296.9m)

Net Change in Cash

37.8m5.2m(50.5m)

Half Year

GBPH1, 2015H1, 2016H1, 2017H1, 2018

Cash From Operating Activities

129.1m58.8m85.1m88.2m

Purchases of PP&E

(22.8m)(22.2m)(28.4m)(29.4m)

Cash From Investing Activities

(90.0m)(89.7m)500.0k(28.2m)

Long-term Borrowings

108.1m100.7m

Dividends Paid

(75.6m)(75.8m)(79.6m)(83.3m)

Cash From Financing Activities

(48.0m)(59.7m)(160.4m)(73.9m)

Net Change in Cash

(8.9m)(90.6m)(74.8m)(13.9m)

Meggitt Ratios

GBPY, 2018

Debt/Equity

0.5 x

Debt/Assets

0.2 x

Financial Leverage

2 x
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Meggitt Operating Metrics

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

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

Business Jet Delivery

646 621

Business Jets

19 k19 k

Facilities

27

Jet Fleet

22 k23 k

Large Jet Delivery

1.45 k1.51 k

Manufacturing Facilities

51 48

Meggitt Aircraft Braking Systems

35 k35 k

Regional Aircraft Delivery

259 268

Regional Aircraft Fleet

6 k6 k
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Meggitt Employee Rating

2.7372 votes
Culture & Values
2.3
Work/Life Balance
2.8
Senior Management
2.2
Salary & Benefits
2.9
Career Opportunities
2.3
Source