The company’s Aerospace & Defence business revenues were 18% higher than the prior year, while Automotive revenues increased 7% to £184 mn.
"Bodycote's growth in 2022 was well above the background growth in our served markets, augmented by investment over the last several years in the higher growth markets of specialist technologies, emerging markets, civil aerospace and electric vehicles, which now represent more than half of the group's revenue and 62% of headline operating profit,” said Stephen Harris, group chief executive. “Beyond 2023, we expect robust growth, leading to further margin expansion.”
