15 Mar 2005
Spectris plc, the precision instrumentation and controls company, announces preliminary results for the year ended 31 December 2004.
Highlights:
- Sales up 8%, operating profit up 9% driven by:
- Increased demand in Asia
- Successful new product introductions
- Gross margins of 57%
- At constant currencies:
- 11% organic growth in sales
- 25% organic growth in operating profit
- 0.8 percentage point improvement in operating margins
- Asia now accounts for 24% of group sales
- Dividend up 9%
Organic growth at constant currencies represents the growth (in sales or profits before exceptional items and goodwill amortisation) excluding acquisitions and disposals, at constant exchange rates
Commenting on the results, Hans Nilsson, Chief Executive, said:
"The most significant feature of 2004 was the strong underlying operating company performance. Going forward, current levels of demand support another year of healthy organic growth and we anticipate a more even split between the first and second half. Whilst the US dollar continues to have an impact, given the positive trend in underlying operating margins, we are confident of encouraging progress in 2005."
Follow this link to download the entire announcement in PDF format (280Kb).
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