16 Mar 2004
Spectris plc, the precision instrumentation and controls company, announces preliminary results for the year ended 31 December 2003.
Highlights:
Organic sales growth of 7%
Improved geographic coverage
Operating profit increased by 18%
Double-digit growth in profit before tax and eps
Operating cash flow at 90% of operating profits
Commenting on the results, Hans Nilsson, Chief Executive, said:
"Our performance in 2003 was particularly encouraging given mixed market conditions. The organic sales growth was due to the consistent execution of the strategy. Demand in the first two months of the year has maintained the improvements seen at the end of 2003 and, notwithstanding the significant impact of the weak US dollar, we expect to make further progress in 2004."
To download the entire announcement in PDF format click here.
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