Quoted on the London Stock Exchange (LSE) and in the FTSE 250, Meggitt’s market capitalization in March 2005 was just over £1.0 billion. In the year ended December 31, 2004, sales were £479.2 million yielding a profit* of £89.5 million (EBITA).
Meggitt increased in size by approximately 30 per cent with the Dunlop Standard Aerospace acquisition, whose combined sales in 2003 were c. £121 million. Product development spent over the past five years: c. £120 million, averaging six per cent of sales per annum.
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* Before exceptional items largely associated with the integration of Dunlop Standard Aerospace businesses.