Morgan Advanced Materials advances toward 12% margin in H1 as Europe stays cautious

uk.investing.com

Morgan Advanced Materials' H1 2026 results show its transformation on track toward a 12% operating margin by 2028, though figures included a non-repeating contract boost. Revenue rose 4.8% organically to £518.1 million, with adjusted operating profit of £57.8 million and an 11.2% margin (9.6% underlying, excluding an £8.9 million take-or-pay benefit). Technical Ceramics led growth at 7.8% on aerospace and energy demand. Full-year organic growth is expected at about 2%, with second-half margins broadly in line. European industrial markets remain cautious; efficiency and procurement initiatives should deliver at least £20 million toward the 2028 target.


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Morgan Advanced Materials advances toward 12% margin in H1 as Europe stays cautious | News Minimalist