24 Aug 2007
Spectris plc, the precision instrumentation and controls company, announces interim results for the six months ended 30 June 2007.
Highlights
- Sales from continuing businesses up 7.6% at constant exchange rates
- Operating margins improved by 2.5 percentage points to 12.8%
- Strong cash conversion contributing to further reduction in net debt by £9.6 million to £62.1 million
- Share buy-back: 3.5 million shares purchased for £32.5 million
- Dividend increased by 15%
Commenting on the results, John O’Higgins, Chief Executive, said:
"With sales, profits and operating margins all increasing compared with the prior year, Spectris has made good progress towards meeting its objectives. We remain confident of continued improvement consistent with expectations for the year.”
To download a copy of the full announcement in pdf format click here.
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