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Meggitt Reiterates Outlook For Margin And Cash Improvement By 2021 - Quick Facts

Engineering company Meggitt Plc (MGGT.L) on Wednesday reaffirmed its outlook for margin as well as cash improvement by 2021 and said it will provide further detail on the expected progress on financial improvement through to the end of this period in a presentation today.

The company is hosting a capital markets day for investors and analysts in London today. The presentation will include, among other things, an update on progress in the strategy execution, including development of the company's strategy to capitalize on opportunities presented by anticipated changes in its end-markets as well as sustaining its competitive advantage over the long term.

Tony Wood, Chief Executive Officer, said, "Our growing installed base of over 71,000 aircraft, equipped with Meggitt designed products and technology means we are well positioned to sustain growth over the medium term. Good progress in strategy execution underpins our confidence in delivering our 2021 targets for margin and cash improvement and creates further opportunities to enhance shareholder returns over the long term."

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