07 Jul 2005
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 2005, due to be released on 13 September 2005.
All three sectors will show first half sales progress. Profits, earnings per share and cash conversion are expected to demonstrate very significant improvement compared to a weak first half of the prior year. There will still be a bias towards a stronger second half, but the split will be at more traditional levels than in 2004.
Specific actions to improve operating margins are being taken including, where appropriate, overhead expenditure reductions and the elimination of some lower margin business.
Looking forward, encouraging progress is expected in 2005, as indicated at the time of the Annual General Meeting in May.
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