GKN sticks with forecast for growth in 2015

LONDON, Oct (HKSE: 3366-OL.HK - news) 22 (Reuters) - British engineering company GKN stuck with its forecast for growth in 2015, despite seeing a softening in Chinese auto demand and some other markets in the final quarter.

For the first nine months of the year, GKN (LSE: GKN.L - news) , a supplier of components to car makers such as Volkswagen (Other OTC: VLKAF - news) and plane-makers Airbus and Boeing (NYSE: BA - news) , said organic sales rose 2 percent to 5.68 billion pounds ($8.76 billion).

Strong demand for commercial aerospace parts would offset a 1 percent decline in the automotive market in the current period, GKN said, adding that car production rates had reduced in China in recent months due to economic concerns. ($1 = 0.6484 pounds) (Reporting by Sarah Young, Editing by Paul Sandle)