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Spirax-Sarco Engineering plc

SPX.L

Latest Trade

16,340.00GBp

Change

110.00(+0.68%)

Volume

93,059

Today's Range

16,235.00

 - 

16,425.00

52 Week Range

10,505.00

 - 

16,700.00

As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay

Latest Developments

Spirax-Sarco H1 Oper Profit Up 39%

Aug 11 (Reuters) - Spirax-Sarco Engineering PLC <SPX.L>::SPIRAX-SARCO ENGNG - 2021 HALF YEAR RESULTS.H1 PRETAX PROFIT 150 MILLION STG.H1 ADJUSTED PRETAX PROFIT 159.3 MILLION STG.H1 ADJUSTED OPERATING PROFIT ROSE 37 PERCENT TO 162.9 MILLION STG.H1 OPERATING PROFIT ROSE 39 PERCENT TO 153.6 MILLION STG.H1 SALES ROSE 13 PERCENT TO 643.7 MILLION STG.H1 ADJUSTED BASIC EARNINGS PER SHARE ROSE 41 PERCENT TO 157.6 PENCE.H1 BASIC EARNINGS PER SHARE 147.6 PENCE VERSUS 104.2 PENCE YEAR AGO.SPIRAX-SARCO - IMPROVES FULL YEAR OUTLOOK.SPIRAX-SARCO - HY REVENUE £643.7M VERSUS £569.7M REPORTED LAST YEAR.SPIRAX-SARCO - INTERIM DIVIDEND UP BY 15% TO 38.5 PENCE, FOLLOWING 7% TOTAL INCREASE IN 2020.SPIRAX-SARCO - SALES FOR GROUP IN FIRST HALF WERE IN LINE WITH OUR EXPECTATIONS AT TIME OF OUR AGM TRADING UPDATE IN MAY.SPIRAX-SARCO - ALL THREE BUSINESSES ENDED H1 WITH HIGHER-THAN-NORMAL ORDER BOOKS REFLECTING USUAL LAG BETWEEN STRONG RECOVERY IN ORDERS & SHIPMENT.SPIRAX-SARCO - NOW ANTICIPATE A SIMILAR SECOND HALF OPERATING MARGIN TO THAT ACHIEVED IN FIRST HALF OF YEAR.

Spirax-Sarco Sees Watson-Marlow's Organic Growth In Sales To Pharmaceutical & Biotechnology Sector To Be Over 55% In 2021

May 12 (Reuters) - Spirax-Sarco Engineering PLC <SPX.L>::SPIRAX-SARCO ENGNG - AGM TRADING UPDATE.SPIRAX-SARCO - COMPARED WITH SAME PERIOD OF 2020, GLOBAL INDUSTRIAL PRODUCTION EXPANDED 7.4%, UP FROM 6.1% FORECASTED IN PRELIM RESULTS IN MARCH.SPIRAX-SARCO - SEES WATSON-MARLOW'S ORGANIC GROWTH IN SALES TO PHARMACEUTICAL & BIOTECHNOLOGY SECTOR WILL BE OVER 55% IN 2021.SPIRAX-SARCO - GROUP'S OTHER REVENUE STREAMS WILL DELIVER ORGANIC SALES GROWTH IN 2021 ABOVE INCREASED FORECAST FOR GLOBAL IP GROWTH.SPIRAX-SARCO - ELECTRIC THERMAL SOLUTIONS ENDED 2020 WITH A HIGHER THAN-NORMAL ORDER BOOK, WHICH SHOULD ADD AT LEAST A FURTHER £8 MILLION TO SALES IN YEAR.SPIRAX-SARCO - ACCELERATING CAPACITY EXPANSION INITIATIVES IN WATSON-MARLOW AND WE CONTINUE TO STEP-UP OUR REVENUE INVESTMENTS.SPIRAX-SARCO - SEE FULL YEAR DROP-THROUGH FROM ORGANIC INCREASE IN SALES TO OPERATING PROFIT TO BE CLOSE TO 35%, WHICH IS ABOVE PREVIOUS GUIDANCE.

Spirax-Sarco Engineering Sees Strong Demand In Watson-Marlow To Continue In 2021

March 10 (Reuters) - Spirax-Sarco Engineering PLC <SPX.L>::SPIRAX-SARCO ENGNG - 2020 PRELIMINARY RESULTS.FY ADJUSTED PRETAX PROFIT FELL 5 PERCENT TO 261.5 MILLION STG.FY ADJUSTED OPERATING PROFIT FELL 4 PERCENT TO 270.4 MILLION STG.SPIRAX-SARCO - FY ADJUSTED REVENUE £1,193.4M VERSUS £1,242.4M REPORTED A YEAR EARLIER.SPIRAX-SARCO - TOTAL DIVIDEND UP BY 7% TO 118.0P.SPIRAX-SARCO - FY INDUSTRIAL PRODUCTION (IP) DOWN BETWEEN 4% AND 5%.SPIRAX-SARCO - EXCELLENT GROWTH IN WATSON-MARLOW WAS DRIVEN BY PHARMACEUTICAL & BIOTECHNOLOGY SECTOR.SPIRAX-SARCO - LATEST FORECASTS PREDICT GLOBAL INDUSTRIAL PRODUCTION WILL GROW OVER 7% IN 2021.SPIRAX-SARCO - SEES ORGANIC REVENUE STREAMS IN 2021 TO EXPAND BROADLY IN LINE WITH GLOBAL INDUSTRIAL PRODUCTION GROWTH.SPIRAX-SARCO - WATSON-MARLOW ACCOUNTED FOR OVER 55% OF SALES IN 2020.SPIRAX-SARCO - ANTICIPATE STRONG DEMAND IN WATSON-MARLOW TO CONTINUE IN 2021.

Spirax-Sarco Engineering Appoints Richard Gillingwater As Independent Non-Exec Director

March 9 (Reuters) - Spirax-Sarco Engineering PLC <SPX.L>::SPIRAX-SARCO ENGNG - BOARD APPOINTMENT.SPIRAX-SARCO - RICHARD GILLINGWATER WILL JOIN BOARD AS AN INDEPENDENT NON‑EXECUTIVE DIRECTOR WITH IMMEDIATE EFFECT.

Spirax-Sarco Engineering Says Sales, Adj. Operating Profit In Four Month Period Were In Line With Expectations

Nov 18 (Reuters) - Spirax-Sarco Engineering PLC <SPX.L>::SPIRAX-SARCO ENGNG - TRADING UPDATE.SPIRAX-SARCO - COMPARED WITH SAME PERIOD OF 2019, GLOBAL INDUSTRIAL PRODUCTION WAS DOWN 4% IN Q3, A STRONG IMPROVEMENT ON 12% CONTRACTION IN Q2.SPIRAX-SARCO - ORGANIC SALES DECLINE IN FOUR MONTHS TO END OF OCTOBER WAS LESS PRONOUNCED THAN IN FIRST HALF OF YEAR.SPIRAX-SARCO - GROUP OPERATING PROFIT MARGIN WAS HIGHER IN FOUR MONTHS TO END OF OCTOBER THAN IN FIRST HALF OF YEAR.SPIRAX-SARCO - SALES AND ADJUSTED OPERATING PROFIT IN FOUR MONTHS TO END OF OCTOBER WERE IN LINE WITH EXPECTATIONS AT TIME OF OUR HALF YEAR RESULTS.SPIRAX-SARCO - OVERALL EXPECTATIONS FOR FULL YEAR REMAIN UNCHANGED.

BAE Systems says Spirax's Nick Anderson joins board

Oct 21 (Reuters) - BAE Systems PLC <BAES.L>::PLC - DIRECTORATE CHANGE.NICK ANDERSON TO JOIN BOARD AS A NON-EXECUTIVE DIRECTOR.NICK IS CURRENTLY GROUP CHIEF EXECUTIVE OF FTSE 100 INDUSTRIAL ENGINEERING COMPANY SPIRAX-SARCO ENGINEERING PLC..

Spirax-Sarco Engineering Says Neil Daws Has Informed Board That He Wishes To Retire

Oct 12 (Reuters) - Spirax-Sarco Engineering PLC <SPX.L>::SPIRAX-SARCO ENGNG - DIRECTORATE CHANGE.SPIRAX-SARCO - NEIL DAWS, MANAGING DIRECTOR, STEAM SPECIALTIES AND EXECUTIVE DIRECTOR, HAS INFORMED BOARD THAT HE WISHES TO RETIRE.

Spirax-Sarco Engineering Says CFO Kevin Boyd To Retire From Board In September

Sept 14 (Reuters) - Spirax-Sarco Engineering PLC <SPX.L>::SPIRAX-SARCO - KEVIN BOYD, CHIEF FINANCIAL OFFICER AND EXECUTIVE DIRECTOR, WOULD RETIRE FROM BOARD IN SEPTEMBER 2020.SPIRAX-SARCO - NIMESH PATEL IS NOW APPOINTED TO BOARD AS CHIEF FINANCIAL OFFICER AND EXECUTIVE DIRECTOR..

Spirax-Sarco Engineering HY Adjusted Pretax Profit Down 8%

Aug 12 (Reuters) - Spirax-Sarco Engineering PLC <SPX.L>::SPIRAX-SARCO ENGNG - 2020 HALF YEAR RESULTS.H1 PRETAX PROFIT 106.3 MILLION STG VERSUS 108.1 MILLION STG YEAR AGO.H1 ADJUSTED PRETAX PROFIT FELL 8 PERCENT TO 114.5 MILLION STG.SPIRAX-SARCO - INTERIM DIVIDEND INCREASED BY 5% TO 33.5P.SPIRAX-SARCO - EXPECTATIONS FOR FULL YEAR ADJUSTED OPERATING PROFIT REMAIN UNCHANGED.SPIRAX-SARCO - OPERATING PROFIT BEING STRONGER THAN FORECASTED IN FIRST HALF.SPIRAX-SARCO - HY ADJUSTED REVENUE £569.7M VERSUS £591.2M.SPIRAX-SARCO - REORGANISATION OF CHROMALOX FRANCE WILL ENTAIL RESTRUCTURING OF SUPPLY CHAIN, REDUCTION OF WORKFORCE OF FEWER THAN 40 EMPLOYEES IN H2.

Spirax-Sarco Sees FY Drop Through Of Rev Decline To Operating Profit In 2020 To Be Contained To Around 45%

May 13 (Reuters) - Spirax-Sarco Engineering PLC <SPX.L>::ORGANIC SALES FOR GROUP IN FIRST FOUR MONTHS OF YEAR DECLINED 5%, WITH REPORTED SALES DOWN 3%.IN THREE MONTHS TO MARCH, ORGANIC DECLINE IN SALES WAS 4%, WHILE IN APRIL IT WAS 8% AS FULL EFFECTS OF GLOBAL PANDEMIC WERE FELT.IN STEAM SPECIALTIES BUSINESS, SALES IN FOUR MONTHS WERE DOWN 7% ORGANICALLY.WHILE TRADING IN FIRST FOUR MONTHS OF YEAR HAS HELD UP WELL, EXPECTS WORST OF DOWNTURN WILL OCCUR IN SECOND AND THIRD QUARTERS OF 2020.EXPECTS GLOBAL IMPACT OF COVID-19 ON STEAM SPECIALTIES BUSINESS WILL BE ORGANIC DECLINE BROADLY WITH REDUCTION IN INDUSTRIAL PRODUCTION.CURRENTLY ANTICIPATE THAT FULL YEAR DROP THROUGH OF TOTAL REVENUE DECLINE TO OPERATING PROFIT IN 2020 WILL BE CONTAINED TO AROUND 45%.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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