14 Sep 2004
Spectris plc, the precision instrumentation and controls company, announces its interim results for the six months to 30 June 2004.
Key points:
Strong demand leading to order growth of 12% (19% before currency impact)
Sales up by 7% (14% before currency impact)
Growing demand and specific supplier issues resulted in unusually large order book build of £22m
Gross margins maintained
Adverse currency impact on profit of £4m
Dividend increased by 5%
Commenting on the results, Hans Nilsson, Chief Executive, said:
"These results are in line with the guidance we gave in July. First half orders were comfortably ahead of the same period in 2003, reflecting growth in demand and good market response to new product introductions. Sales grew less strongly, due to delays in some shipments as a result of specific supplier issues. Consequently, sales and profits are expected to be disproportionately weighted towards the second half. After a satisfactory performance during the summer months, we maintain our expectations of positive progress for the full year."
Follow this link to download the entire announcement in PDF format (187Kb).
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