So, here’s the scoop – Dowlais Group, the owner of GKN automotive, is sticking to its annual forecast despite the UAW strike causing a bit of a ruckus. They’ve managed to handle the impact by beefing up their margins. This British auto supplier, which split from Melrose Industries in April, has big names like Ford, General Motors, and Stellantis on its client list.
The UAW strike is expected to dent the annual adjusted revenue by around 30 million pounds to 45 million pounds, and the adjusted operating profit by about 10 million pounds to 15 million pounds. But hey, they’re not letting it shake their confidence.
Looks like Dowlais Group is keeping its chin up despite the strike drama. Let’s see how things play out for them!
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