Meggitt flies steadily in first quarter with 4% sales growth

Trading in the first quarter of 2015 at aeroplane components maker Meggitt has continued along its expected flight path of low to mid single-digit revenue growth for the full year.

In total, the group said it achieved organic revenue growth of 4% in the period from 1 January 2015 to 22 April.

Organic sales into the civil original equipment (OE) and civil aftermarket (AM) grew at mid single digits, while stronger military growth was offset by a decline in its energy sales.