UK-based engineering group GKN has posted 2013 operating profit up 20% helped by strong organic growth in its automotive businesses.

The company posted overall underlying pretax profit of GBP578n for the year, ahead of analyst estimates and up 17% on the previous year.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Nigel Stein, GKN Chief Executive, said that GKN has made good good progress in-line with its strategy to grow a market-leading global engineering business. “We expect the group’s progress to continue in 2014,” he said.

GKN’s higher profits were driven by a strong performance in its automotive business, with demand in China and North America boosting trading profit in GKN’s Driveline business by 5%.

GKN Driveline operations also benefited from continued expansion Mexico and a joint venture in China was broadened to include all-wheel drive (AWD) products

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.