11 March 2002
Spectris plc, the precision instrumentation and controls company, announces preliminary results for the year ended 31 December 2001.
Highlights:
Sales and operating profit increased, despite challenging conditions
E.p.s. reduction contained to 3%
Gross margins maintained
Management actions:
Timely reduction of cost base resulted in exceptional restructuring charges of £12m
Continued emphasis on new product and market development, with Asia strong
Spectris AG businesses met expectations in the first full year
Commenting on the results, Hans Nilsson, Chief Executive said:
"2001 was a difficult year but delivered earnings similar to that of 2000. Anticipating market demand, timely management actions were taken which, combined with the strong fundamentals of the business, position us well for the future."
To download the entire announcement in pdf format click here.
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