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Meggitt to deploy final numbers on Tuesday

The aerospace group is likely to comment on the hit by the Boeing 737 Max grounding and the coronavirus, as well as the performance of the civil and defence markets

Meggitt PLC - Meggitt to deploy final numbers on Tuesday

Meggitt PLC's (LON:MGGT) numbers on Tuesday should show revenues growth of 6-7%, according to management’s guidance.

The aerospace, defence and energy group said it expected operating margin to be towards the lower end of the range of 17.7-18.2%.

Meggitt is likely to comment on the hit by the Boeing 737 Max grounding and the coronavirus, as well as the performance of the civil and defence markets.

The group currently supplies spares parts to Boeing for the MAX aircraft and warned in November that the grounding of the planes would place a cap on its operating margins for 2019.

Other blue chips reporting on the second day of the week include chemicals firm Croda International PLC (LON:CRDA), which analysts at UBS are expecting to report a pre-tax profit for tis latest full year of £339mln, up 4% year-on-year but below market consensus of £341mln.

Analysts are also likely to be keeping an eye on how the firm has fared amid the coronavirus outbreak.

Lower down in the mid-caps, property developer Derwent London PLC (LON:DLN) is expected to deliver full year results alongside fellow FTSE 250 constituent Hammerson PLC (LON:HMSO), the owner of Birmingham’s Bullring shopping centre.

Significant announcements expected for Tuesday February 25:

Finals: Croda International PLC (LON:CRDA), Meggitt PLC (LON:MGGT), Derwent London PLC (LON:DLN), Hammerson PLC (LON:HMSO), Petrofac Ltd (LON:PFC), Synetics PLC (LON:SNX)

Interims: Hotel Chocolat Group PLC (LON:HOTC), Innovaderma PLC (LON:IDP), Clinigen Group PLC (LON:CLIN), Morgan Advanced Materials plc (LON:MGAM), Dotdigital Group PLC (LON:DOTD), Springfield Properties PLC (LON:SPR), Bluefield Solar Income Fund Limited (LON:BSIF)

Economic data: CBI UK distributive trades survey, US consumer confidence, US house prices

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