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  "documentTitle": "Melrose | Mergers and Acquisitions Presentation Deck | 46 slides",
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      "text": "Revenue by region²: 1 Europe (exc UK) (45%), 2 North America (33%), 3 UK (19%), 4 Asia (3%)",
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      "text": "Industry continues to be impacted by post COVID-19 issues; but market recovery gaining pace\nSales growth of 11% versus H1 2021 – up 6% in Q1 and 17% in Q2\n65% increase in operating profit; margins up 150bps\nExcellent Engines performance; Civil ramping-up to meet higher OEM build rates; Defence demand positive, but requires most operational improvement\nAll required major restructuring projects underway to reach 14%+ operating margin target on market recovery",
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      "text": "1. Described in the glossary to the 2022 Interim Financial Statements and considered by the Board to be a key measure of performance\n2. According to manufacturing country of origin\n3. Civil and Defence relates to the airframes and components businesses",
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      "text": "£m, Adjusted¹ results H1 2022, Growth vs H1 2021, Revenue, 1,366, 11%, EBITDA, 139, 22%, EBITDA margin %, 10.2%, 1.0ppts, Operating profit, 67, 65%, Operating margin %, 4.9%, 1.5ppts",
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