|gkn aerospace revenue 2020||1.6||0.7||7197||28|
A global footprint to support aerospace innovation. GKN Aerospace is the world’s leading multi-technology tier 1 aerospace supplier. With 50 manufacturing locations in 15 countries, we serve over 90% of the world’s aircraft and engine manufacturers. We design and manufacture innovative smart aerospace systems and components.What was the profit margin for GKN Automotive?
Despite the revenue challenges resulting from COVID-19, GKN Automotive’s operating performance was robust. Disciplined execution of cost reduction initiatives and a focus on key operational levers, resulted in an adjusted operating profit margin of 6.5% for the second half of the year.What kind of products does GKN plc make?
GKN Plc manufactures automotive drive line systems and engineered products. It operates in four divisions Aerospace, Driveline, Powder Metallurgy, and Land Systems.What is the outlook for GKN in 2020?
Drop in Production: Fitch expects global vehicle production to fall about 20% and production of several civil aircraft programmes to fall 25%-35% in 2020. We expect vehicle production to recover from 2H20, albeit to lower levels than assumed prior to the pandemic.