Our strategy

Our strategy

Our Strategy for Sustainable Growth

There has never been a better time, or a greater need to harness the power of precision measurement to make the world cleaner, healthier and more productive. Since 2019, we have repositioned Spectris as a leading sustainable, compound-growth business, delivering value beyond measure for all our stakeholders. In October 2022, we announced our plans and the outlook for the next stage of our journey – our Strategy for Sustainable Growth.

Performance targets

Organic sales growth

Adjusted operating margin expansion

Adjusted cash flow conversion

mid-teens

Return on gross capital employed

2030

Net zero across our operations by

2040

Net Zero across our value chain by

4.06

Gallup GrandMean Score by 2025

Great businesses

We are owners of world-class precision measurement businesses with industryleading domain expertise. Our Scientific and Dynamics Divisions are fully aligned with our purpose to make the world cleaner, healthier and more productive.

Structural growth markets

We are concentrated in high growth end markets. Our end markets demonstrate structural growth, underpinned by sustainability themes and as such have strong CAGR’s through the cycle, underpinning our organic growth.

Customer centricity

Our focus on solutions adds value throughout our customers’ workflows. Our direct relationship drive customer-backed innovation, informing our research and product development strategy such that we intercept our customers' needs, allowing us to move faster and deliver greater value.

Investing in growth

We leverage our strong balance sheet to deliver growth. We are driving organic growth through investment in research and development at [8%] of revenue, innovating and problem solving with the customer in mind. We are compounding this growth through investment in M&A to strengthen and expand our portfolio to add value across our customers' workflows

Operational excellence

We are leveraging the Spectris Business System to continuously drive operational excellence to improve productivity. We are investing in new systems to improve processes and we continue to refine our lean operating model to remove structural inefficiencies and deliver our margin ambitions.

Our people

Our people sit at the heart of our organisation. Ensuring that our people have the opportunity to develop their skills and careers is critical to ensuring engaged, motivated and high-performing teams and their success is pivotal to achieving strong business results.

Meet our people