15 Jul 2004
Spectris plc, the precision instrumentation and controls company, today issues a trading update ahead of its half year results announcement for the period ending 30 June 2004, due to be released on 14 September 2004.
First half orders were substantially ahead of the same period in 2003, exceeding sales by £22m. However, this order book build was greater than expected, particularly as a result of specific supplier issues in two companies, which resulted in a deferral of sales and the related profits into the second half. This, together with negative currency effects on profit of approximately £4m, will cause profits in the first half of 2004 to be around £3m lower than in the equivalent period in 2003.
Looking forward, the order book and current levels of demand support expectations of positive progress for the year.
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