(Reuters) – British auto supplier Dowlais Group maintained its annual outlook on Thursday after counting the cost of the union workers strikes in the U.S. against automakers, saying it had been able to absorb the hit by bolstering its margins.
The GKN automotive owner was split from Melrose Industries in April and counts Detroit’s “Big Three” automakers Ford, General Motors and Stellantis among its customers.
It said the UAW strike action was expected to hit annual adjusted revenue in the range of 30 million pounds ($36.85 million) to 45 million pounds and adjusted operating profit in the range of 10 million pounds to 15 million pounds.
($1 = 0.8142 pounds)
(Reporting by Yadarisa Shabong in Bengaluru; Editing by Rashmi Aich)
