Business Review
GKN is a global engineering business serving mainly the automotive, industrial, off-highway and aerospace markets. The bulk of our sales are made to vehicle and aircraft manufacturers as well as, in Aerospace, to other major tier one suppliers.
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Read our cautionary statement
Chairman’s Statement
I am pleased to be able to report that our results for the year demonstrate a further increase in profitability and earnings per share with particularly strong contributions from our two largest businesses, Driveline and Aerospace. Consistent with our objective of increasing the dividend progressively in line with the long term trend in earnings, your Board recommends that the dividend for 2007 should be increased from 12.8p to 13.5p per share.
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Chief Executive’s Statement
GKN has made excellent progress in 2007.
Strong contributions from Driveline and Aerospace helped the Group deliver another year of increased sales and a significant improvement in profits and earnings per share.
Our strategic restructuring programme has been concluded, repositioning our Automotive and Powder Metallurgy businesses to take advantage of high growth markets and enabling them to compete from a lower cost base.
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