Morgan Advanced Materials PLC

MGAM

Equity

ISIN GB0006027295 / Valor 396707

LSE London Stock Exchange, SETS (2024-12-24)

GBP 2.68+0.75%

Morgan Advanced Materials PLC
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About company

Morgan Advanced Materials PLC is a global engineering company that specializes in advanced materials and technologies. With a focus on providing innovative solutions to a wide range of industries, including aerospace, healthcare, energy, and industrial, the company offers a diverse portfolio of products and services. From thermal management systems to carbon brushes, Morgan Advanced Materials PLC is committed to delivering high-quality solutions that meet the evolving needs of its customers worldwide.

Summarized from source with an LLMView SourceSector: Industrials

Revenue Growth

Morgan Advanced Materials PLC reported an organic constant-currency revenue growth of 2.5% for the full year 2023. This growth was driven by a 10.4% increase in their faster-growing markets, despite challenges in other segments.

Operating Profit

The company achieved an adjusted operating profit of £120.3 million for FY 2023, with an adjusted operating profit margin of 10.8%. This represents a decrease from the previous year's margin of 13.6%, primarily due to the impacts of a cyber security incident and market slowdowns.

Cash Flow

Cash generated from continuing operations was £126.3 million, reflecting a full recovery from the mid-year increase in working capital. Free cash flow before acquisitions, disposals, and dividends was £14.6 million, a significant improvement from the previous year's negative free cash flow of £46.9 million.

Dividends

Morgan Advanced Materials PLC maintained its total dividend per share at 12.0p for FY 2023, consistent with the previous year. This decision reflects the company's commitment to returning value to shareholders despite the challenging economic environment.

Outlook

The company anticipates a higher medium-term growth outlook driven by increased market demand, particularly in the Semiconductor sector. However, the underlying performance outlook for 2024 remains unchanged, with an expected foreign exchange headwind.

Summarized from source with an LLMView Source

Key figures

-6.46%1Y

-24.1%3Y

-16.7%5Y

Performance

24.0%1Y

30.1%3Y

32.4%5Y

Volatility