This is GKN.

GKN is a global engineering group – our technologies and products are at the heart of vehicles and aircraft produced by the world’s leading manufacturers. GKN operates four divisions: GKN Driveline, GKN Powder Metallurgy, GKN Aerospace and GKN Land Systems. Approximately 44,000 people work in GKN companies and joint ventures in more than 35 countries. We harness our considerable technology and manufacturing resources to supply the highest quality systems, structures, components and services.
Group sales up £683 million (13%) to £6.1 billion. Excluding net £19 million charge for temporary plant closure at Hoeganaes, Gallatin, USA: Trading profit of £487 million, up £76 million – an increase of 18%. Group trading margin of 8.0%, up from 7.6%; increased targets set for three divisions. Profit before tax of £417 million, an increase of 15%. Reported profit before tax, £351 million. Return on average invested capital (excluding 2011 acquisitions) of 18.3%, reflecting higher profitability. Earnings per share up 9% to 22.6 pence per share. Final dividend of 4.0 pence per share, giving a total for 2011 of 6.0 pence per share, a 20% increase. Net debt of £538 million, reflecting £444 million expenditure on new acquisitions.

(12 months ended 31 December 2011)

Statutory basis. Sales, £5,746m. 2010: £5,084m. Profit before tax, £351m. 2010: £345m. Earnings per share, 18.0p. 2010: 19.6p. Management basis* Sales, £6,112m. 2010: £5,429m. Profit before tax, £417m. 2010: £363m. Earnings per share, 22.6p. 2010: 20.7p.

* See the review of performance for details of measurement and reporting of performance on a management basis.