11 Jan 2007
Spectris plc, the precision instrumentation and controls company, today issues a trading update ahead of its results for the year ending 31 December 2006, due to be released on 23 February 2007.
Trading in the second half of the year was in line with expectations. Sales for the full year (adjusted for the disposal of Arcom) increased by approximately 6%. Operating margins improved as a result of management actions taken and were higher in the second half than in the same period last year. Profit before tax and earnings per share on an adjusted basis* are expected to be ahead of most analysts’ estimates. Cash conversion continued to be strong.
Current order levels remain encouraging and we expect to make further good progress in 2007.
* Adjusted figures are stated before amortisation of acquisition-related intangible assets, goodwill charges, profits or losses on termination or disposal of businesses or major fixed assets, unrealised changes in the fair value of financial instruments, related tax effects and other tax items which do not form part of the underlying tax rate.
Back
