Analyst coverage and consensus forecasts

HouseAnalystTelephone
Agency Partners Nick Cunningham +44 (0) 207 186 7186
Barclays Capital

Phil Buller

Kristina Church

+44 (0) 208 773 0536

+44 (0) 203 134 2199

Bank of America Merrill Lynch Benjamin Heelan +44 (0) 207 628 1000
Berenberg Andrew Gollan +44 (0) 203 207 7891
Canaccord Genuity Anthony Plom +44 (0) 207 523 8365
Citi Martin Wilkie +44 (0) 207 986 4077
Deutsche Bank Jonathan Hurn +44 (0) 207 545 2172
Exane BNP Paribas Jonathan Mounsey +44 (0) 207 039 9529
Goldman Sachs Chris Hallam +44 (0) 207 552 2958
HSBC Scott Cagehin +44 (0) 207 992 1444
Investec Securities Rami Myerson +44 (0) 207 597 3667
Jefferies International Sandy Morris +44 (0) 207 029 8000
J P Morgan Cazenove Glen Liddy +44 (0) 207 155 5000
Liberum Ben Bourne +44 (0) 203 100 2275
Numis David Larkam +44 (0) 207 260 1278
Panmure Gordon & Co Sanjay Jha +44 (0) 207 886 2805
Peel Hunt Harry Philips +44 (0) 203 597 8670
Raymond James Harry Breach +44 (0) 203 798 5641
RBC

Wasi Rizvi

+44 (0) 207 653 4591
Redburn Stephen Swanton +44 (0) 207 000 2154
Societe Generale Alasdair Leslie +44 (0) 207 762 9452
UBS Cristian Nedelcu +44 (0) 207 568 4375

Analyst consensus

 ReportedAnalysts forecasts
 2015201620172018
   
No. of Estimates   22 22 22
   
Sales (£m)  
GKN Aerospace 2,500 3,322 3,490 3,637
GKN Driveline 3,548 4,050 4,279 4,350
GKN Powder Metallurgy 906 1,003 1,055 1,071
GKN Land Systems2 693 696 671 695
GKN Other Businesses 42 40 43 43
Total Sales1 7,689 9,097 9,468 9,765
   
Trading Profit (£m)  
GKN Aerospace 273 331 371 400
GKN Driveline 290 316 347 358
GKN Powder Metallurgy 109 120 128 132
GKN Land Systems2 24 29 30 33
GKN Other Businesses 1 -2 0 0
Central Costs -18 -25 -25 -25
Total Trading Profit1 679 762 844 895
Tax on JV profits -11 -13 -13 -13
Interest -65 -80 -76 -72
Management Profit before Tax1 603 668 751 800
EPS (pence) 27.8 29.6 32.9 35.1
The range of the forecasts for Management Profit Before Tax and EPS are as follows:
Management Profit before Tax (£m)   612
to
692
657
to
828
701
to
894
EPS (pence)   27.3
to
33.0
29.6
to
36.9
31.9
to
39.3

1 All figures represent the median of estimates, including median for Total Group Sales, Total Group Trading Profit and Group Management Profit before Tax. The median for the Group totals may therefore not be the same as the sum of the individual figures.

2 From 1 January 2017 GKN Land Systems will cease to exist.

This analysis is a collation of underlying, publicly available forecasts made by contributing investment analysts and is not, in any way, based on GKN plc’s (GKN) forecasts. The underlying forecasts are the responsibility, and constitute the judgement, of each individual contributing analyst alone and have not been commented on by GKN. In distributing this analysis, GKN does not imply its endorsement of, or concurrence with, such information, conclusions or recommendations.

GKN is not authorised by the FSA and cannot offer investment advice. This information should not be relied upon in any investment decision, and although GKN intends to update the analysis periodically, GKN assumes no obligation to update or revise such information to reflect circumstances existing after the date below. None of GKN, its subsidiary undertakings or any director, officer or employee of GKN or its subsidiary undertakings gives any representation or warranty, express or implied, as to, or accepts any responsibility for, the accuracy or completeness of the forecasts used in this analysis and none of them shall accept any liability whatsoever for the consequences of any reliance upon or actions taken based on any of the information in this analysis.

January 2017