Financial and Corporate Actions of Laird plc Essay

Financial and Corporate Actions of Laird plc - Essay Example Materials division manufactures equipment that shields electromagnetic interferences, thermal management systems, signal integrity equipment, etc (Laird, 2014c). The global electronics and instruments industry has seen a growth of 4.3 percent in the year 2011 and has been evaluated at $1,844.3 billion (MarketLine, 2012). This study is focused on the company’s financial details including the company turnover, industry performance, and market report and market share. It also includes the last few years’ financial performances of the company, its financial activities and its internal and external performance analysis. As stated in the above figure, the company had made the highest revenue in 2011, as it discontinued some of its operations that year, which added to the total revenue (Laird, 2014e). However the revenues generated from the continued operation has been increasing:  £491.3 min 2011,  £520.2 min 2012 and  £537 min 2013 (Laird, 2014d). The profitability has decreased severely in 2011 and again increased in 2013, but in the recent year, it has been seen to have a downward trend (Laird, 2014d). The downward trend is mostly because of the lower sales volume due to high competition and the high fixed cost of operation (Morningstar, 2014a). The operating profit has increased from 2011 and is almost steady in past two years. It is clearly seen that after discontinuing some of its operations, Laird has increased its profitability. In the last year, i.e.2013, the Performance Materials division made revenue of  £342.8 million, which is 6 percent more than previous year’s revenue that is  £324.7 million. The IT and Telecom sector made the maximum revenue of 35 percent, followed by the Smartphone business which made 24 percent. The Wireless Systems division made revenue of  £194.2 million which is 1 percent less than the previous year that is  £195.5 million.