11 Mar 2003
Spectris plc, the precision instrumentation and controls company, announces preliminary results for the year ended 31 December 2002.
Earnings per share for 2001 has been restated following adoption of FRS 19, Deferred Taxation.
Highlights:
Robust trading performance: year-on-year second half profits up
Strong operating cash generation
Successful PANalytical acquisition
Gross margins maintained
Year-on-year overhead cost savings of £13m
Dividend increased by 4%
Commenting on the results, Hans Nilsson, Chief Executive said:
"Although 2002 was a difficult year, the sustainability of the demand drivers in our markets, together with improvements in our companies´ competitive positions, delivered a robust performance and we expect to see an improvement in performance in 2003."
To download the entire announcement in pdf format click here.
Back
