Melrose Industries PLC 2024 AR2
The report highlights Melrose Industries PLC's strong performance in 2024, delivering £3,468 million in revenue and £540 million in adjusted operating profit, driven by significant aftermarket growth in the Engines division. The company successfully completed its transition to a pure-play aerospace technology business, establishing new five-year targets to reach approximately £5 billion in revenue by 2029. In sustainability, GKN Aerospace's near- and long-term carbon reduction targets were validated by the Science Based Targets initiative (SBTi), committing to net-zero greenhouse gas emissions across the value chain by 2050. Additionally, the company invested £50 million in cutting-edge additive fabrication technology in Sweden, which is expected to reduce raw material usage by up to 70% and energy consumption by up to 50%.
Company: Melrose Industries PLC
Sector: Manufacturing
Country: United Kingdom
Year: 2024
Type: AR2
Pages: 258
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Melrose Industries PLC
Annual Report
The report highlights Melrose Industries PLC's strong performance in 2024, delivering £3,468 million in revenue and £540 million in adjusted operating profit, driven by significant aftermarket growth in the Engines division. The company successfully completed its transition to a pure-play aerospace technology business, establishing new five-year targets to reach approximately £5 billion in revenue by 2029. In sustainability, GKN Aerospace's near- and long-term carbon reduction targets were validated by the Science Based Targets initiative (SBTi), committing to net-zero greenhouse gas emissions across the value chain by 2050. Additionally, the company invested £50 million in cutting-edge additive fabrication technology in Sweden, which is expected to reduce raw material usage by up to 70% and energy consumption by up to 50%.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Water Consumption
Total Waste
Women on Board
Women in Management
Net Zero Target
Employees