Bodycote reports fall in early-year revenue

10:57, 27 May 2021

Share this article

Have a confidential tip for our reporters?

Bodycote logo

Bodycote has reported a fall in revenue for the first four months of the year. The company puts this down to the impact of the COVID-19 pandemic on its aerospace and defence business.

The heat treatment and thermal processing specialist revealed that for the four-month period from January to the end of April 2021, revenue fell 4% to £208m (US$295m).

Automotive and general industrial revenues were up 5% to £128m, while aerospace, defence and energy revenues fell 16% to £80m.

Reduced demand

Aerospace and defence revenues were 19% lower, as the civil aerospace business remained subdued due to COVID restrictions.

In a statement to investors, the company said: “We are seeing improvement in revenue trends across most of our key markets and the group is benefiting from last year’s restructuring. We are, therefore, cautiously optimistic as we look forward to the remainder of this year.”

Read more: QinetiQ sees profits rise as order book strengthens

Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

Still looking for a broker you can trust?


Join the 380.000+ traders worldwide that chose to trade with Capital.com

1. Create & verify your account

2. Make your first deposit

3. You’re all set. Start trading