Melrose Industries PLC (MRO.L) said that trading for the group in the period was in line with expectations. During the period, revenue was 1 percent lower than last year, at constant currency, and operating margin was higher.
Melrose noted that Elster's revenue was slightly ahead in the period and the headline profit and operating margin are both up on last year.
The company added that profit performance for the energy division was flat compared with 2012 with sales being down 1 percent.
The company stated that overall group performance during the period has been encouraging and Board remains confident about the outcome for the year.
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