Edison Investment Research - MELROSE INDUSTRIES PLC (MRO) Melrose Industries - Crystallisation of the 2020 Employee Share Plan

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Edison Investment Research

Toby Thorrington

Melrose Industries - Crystallisation of the 2020 Employee Share Plan

The crystallisation of the employee plan highlights the value created through the GKN acquisition, benefiting from the strong performance from the restructuring programme and current positive trends in the aerospace sector. The impact of the scheme on our forecasts will be limited, having already assumed the full value the scheme would accrue. There are no changes to our valuation of 654p per share as set out in our previous note.

03/06/2024 1 EN

Underlying

MELROSE INDUSTRIES PLC

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GB00BNGDN821 London Stock Exchange United Kingdom

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Toby Thorrington

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Melrose Industries - Crystallisation of the 2020 Employee Share Plan

Melrose Industries - H224 progress in line with guidance

Melrose Industries - Positive progress continues

Melrose Industries - H224 progress in line with guidance

JDC Group - On track to reach high-end FY24 sales guidance

Smiths News - Growth potential and a double-digit yield

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