Melrose Industries PLC 2017 AR2
The report outlines Melrose Industries PLC's strategic and financial performance for the fiscal year 2017, highlighting the rapid operational transformation of the newly acquired Nortek businesses. Under Melrose's ownership, Nortek achieved a 52% improvement in underlying operating profit and increased its operating margins to 15.2%. Conversely, the Energy division faced severe structural challenges in the global gas turbine market, prompting a restructuring plan for the Brush Turbogenerator business. The report also details the group's corporate social responsibility initiatives, including a 63% reduction in greenhouse gas emissions intensity and various community support programs.
Company: Melrose Industries PLC
Sector: Manufacturing
Country: United Kingdom
Year: 2017
Type: AR2
Pages: 170
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Melrose Industries PLC
Annual Report
The report outlines Melrose Industries PLC's strategic and financial performance for the fiscal year 2017, highlighting the rapid operational transformation of the newly acquired Nortek businesses. Under Melrose's ownership, Nortek achieved a 52% improvement in underlying operating profit and increased its operating margins to 15.2%. Conversely, the Energy division faced severe structural challenges in the global gas turbine market, prompting a restructuring plan for the Brush Turbogenerator business. The report also details the group's corporate social responsibility initiatives, including a 63% reduction in greenhouse gas emissions intensity and various community support programs.
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Document Details
Report Year
2017
Reporting Period
Jan 1, 2017 - Dec 31, 2017
Fiscal Year
2017
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Women on Board
Employees