Annual Reports

Annual Report and Accounts 2016

Highlights of the year

Highlights of the year
  • Another year of growth delivering earnings momentum. 
  • Strong performance from Fokker Technologies ('Fokker') in first full year of ownership. 
  • Sharpening the focus through the disposal of Stromag and a Group-wide fixed cost reduction programme. 
  • Continued investment in technology primarily focused on electrified drivetrains and additive manufacturing. 
SALES
£9,414m
2015: £7,689m
EARNINGS PER SHARE
31.0p
2015: 27.8p
PROFIT BEFORE TAX
£678m
2015: £603m
*All data is presented on a management basis which aggregates sales of subsidiaries with the Group's share from equity accounted investments.

Chairman's statement

"2016 proved to be an interesting year. Against a backdrop of heightened political and economic uncertainty, the Group once again proved its resilience with a good set of results. As a global manufacturer working for some of the most technically demanding customers, we continued to deliver for our stakeholders."

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Mike Turner CBE, Chairman

Download full statement .PDF (128 kb)
Chairman's statement

Chief Executive's review

"2016 was another year of encouraging progress for GKN. Management profit before tax grew 12%, helped by favourable currency effects and the first full year contribution from Fokker. We also made good progress in executing our strategy, sharpening our focus and building momentum as we enter 2017."

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Nigel Stein, Chief Executive

Download full statement .PDF (212 kb)
Chief Executive's review

Further reading