GKN PLC reported consolidated earnings results for the full year ended December 31, 2009. For the period, the company reported operating profit of 39 million, loss before taxation of 54 million, loss from continuing operation of 39 million and loss attributable to equity shareholders of 36 million or 3.2 pence per share on sales of 4,223 million against operating loss of 86 million, loss before taxation of 130 million, loss from continuing operation of 120 million and loss attributable to equity shareholders of 109 million or 11.7 pence per share on sales of 4,376 million for the same period a year ago. Total comprehensive loss attributable to equity shareholders was 362 million against 178 million for the same period a year ago. Cash flow from operating activities was 227 million against 259 million for the same period a year ago. Purchase of property, plant and equipment was 140 million against 192 million for the same period a year ago. Group restructuring and impairment charges of 141 million, against 163 million in 2008, relate to the restructuring programme initially announced in November 2008 and updated during the course of 2009.

GKN plc, 2009 Earnings Call, Feb-25-2010

GKN plc announced that Sir Peter Williams and Sir Christopher Meyer will retire as non-executive Directors at the AGM on May 6, 2010. Sir Peter will be succeeded as Senior Independent Director by Michael Turner and as chairman of the remuneration committee by Richard Parry-Jones, both appointments being effective from May 6, 2010.

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