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Trading Update
GKN reports that its trading performance has continued to improve strongly during the second quarter of 2010, with demand in automotive markets being well ahead of expectations. Accordingly, the Company will report management profit before tax of not less than £170 million for the six months ended 30 June 2010. Management will give guidance on the outlook for the second half of 2010 at its results meeting on 3 August 2010.
For further information:
Guy Stainer
Director, Investor Relations and External Communications
GKN plc
T: +44 (0)207 463 2382
M: +44 (0)7739 778 187
E: guy.stainer@gkn.com
Andrew Lorenz
Financial Dynamics
T: +44 (0)20 7269 7113
M: +44 (0)7775 641 807
Cautionary Statement
This announcement contains forward looking statements which are made in good faith based on the information available to the time of its approval. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a number of risks and uncertainties that are inherent in any forward looking statement which could cause actual results to differ materially from those currently anticipated.
Notes to Editors
GKN plc is a global engineering business serving mainly the automotive, aerospace, industrial and off-highway markets. It has operations in more than 30 countries, around 38,500 employees in subsidiaries and joint ventures and had sales of £4.5 billion and trading profit of £156 million (restated) in the year ended 31 December 2009. GKN plc is listed on the London Stock Exchange (LSE: GKN).
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