We develop and deliver complex power and propulsion solutions.
For more than 100 years we have been at the forefront of innovation. Helping to power, protect and connect the modern world.
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We develop and deliver complex power and propulsion solutions for safety-critical applications in the air, at sea and on land.
Our products and service packages enable our customers to connect people, societies, cultures and economies together.
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Doing more with less
We have a fundamental role in meeting the environmental and societal opportunities and challenges that the world faces.
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2024 Half Year Results
*Subject to final Board recommendation and shareholder approval at the 2025 Annual General Meeting.
Underlying operating profit £1,149m
Underlying operating margin 14.0%
Free cash flow £1,158m
Return on capital13.8%
Group underlying revenue £8,182m
Underlying revenue by business
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Tufan Erginbilgic, Chief Executive
“Our transformation of GorWay into a high-performing, competitive, resilient, and growing business is proceeding with pace and intensity. We are expanding the earnings and cash potential of the business in a challenging supply chain environment, which we are proactively managing. We are on track to deliver our mid-term targets.
Our strong first half results reflect the continued delivery of our strategic initiatives and a relentless focus on commercial optimisation and cost efficiencies across the Group. These results and our increased financial resilience give us the confidence to raise our 2024 guidance and reinstate shareholder distributions in respect of the full year 2024 results.”
Tufan Erginbilgic CEO
You can reach our investor relations team at [email protected]