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UK's Cobham sticks to 2018 outlook ​

Reuters - UK Focus

LONDON, March 1 (Reuters) - British aerospace and defence electronics group Cobham (Other OTC: CBHMF - news) said it posted annual profit slightly ahead of expectations, and was sticking to its 2018 outlook, but cautioned that risks and challenges remained.

Cobham, which is a year into a turnaround plan, posted annual underlying operating profit of 210.3 million pounds ($289.56 million), 6.5 percent lower than it made last year.

"I have seen early signs of progress against our operational priorities, while risks and challenges remain. I continue to have confidence in our medium term prospects," Cobham chief executive David Lockwood said in a statement on Thursday. ($1 = 0.7263 pounds) (Reporting by Sarah Young)