Melrose Industries Plc reports 20% decline in group sales for four months to 30 April 2020

May 08, 2020 03:07 AM AEST | By Team Kalkine Media

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Melrose Industries Plc (LON:MRO) has released a trading statement for the four months from 1 January 2020 to 30 April 2020.

The company has reported that due to COVID-19, the Group sales in the reported period were down by around 20 per cent versus the same period last year.
The company stated that in the second quarter, capex and trade working capital actions alone are projected to deliver around £200 million of cash savings.
It has further stated that as conditions remain too unpredictable to forecast, it is not in a position to give any trading guidance for the year.
On 7^th May 2020, at the time of writing, GMT 08:36 AM, MRO shares were trading at GBX 100.20, up by 2.00 points or 2.04% against the previous day closing price.

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