Morgan Advanced Materials Plc (MGAM.L) said in its latest strategy update that it expects to achieve an adjusted operating profit margin of 12 percent by fiscal 2028, with sustainable margins in the range of 12 percent to 14 percent, beyond 2028.
The company, which manufactures specialist carbon and ceramic products, said that it expects to achieve sustained growth in adjusted earnings per share, which will outpace organic revenue growth. This will be done by a combination of organic expansion, margin improvement, shareholder returns, and targeted M&A activity, Morgan Advanced Materials added.
According to the company, organic revenue growth above the GDP levels is expected and it also is projecting a Return on Invested Capital or ROIC of between 17 percent and 20 percent.
As part of its focus on strengthening balance sheet resilience, the company said that it plans to pause its share buyback programme following the completion of the second tranche. By that time, Morgan will have repurchased 20 million pounds worth of shares.
On the LSE, MGAM.L is currently up 0.24 percent on Thursday's trading at 207.00 pence.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.