Oct 18 Electrical engineering company Spectris
Plc said overall trading conditions were mixed and it
anticipated full-year earnings before interest, taxes and
amortization (EBITA) to be around the lower end of market
The company, which makes testing and control equipment for
the mining, oil and gas, pharmaceuticals and transportation
industries, said the timing of recovery in the business to more
normalised growth rates continues to be unpredictable.
The company said the market consensus range for full-year
EBITA was 214.0 million pounds to 226.5 million pounds ($346
million to $366 million).
Spectris, formerly called the Fairey Group, reported a 5
percent rise in third-quarter sales, including a 1 percent
contribution each from its recent acquisitions and currency
Sales to Europe rose 8 percent on a like-for-like basis, in
the quarter ended Sept. 30, while sales to Asia Pacific fell 1
percent due to a weak performance in China and Japan.
Shares in the company closed at 2224 pence on Thursday on
the London Stock Exchange.