2009 Year End Trading Update

RNS Number : 5914F

Spectris PLC

15 January 2010

 



Friday 15 January 2010

SPECTRIS PLC

2009 YEAR END TRADING UPDATE

Spectris plc, the productivity-enhancing instrumentation and controls company, today issues an update on trading for the year ending 31 December 2009. The company will announce its preliminary results on 23 February 2010.

Trading during the last two months of the year saw an improvement in demand over 2008. We now expect sales for the full year, on a reported basis, to match the prior year, including a contribution from acquisitions of 6% and beneficial effects from currency of 10%; on a constant currency organic basis, therefore, sales will have decreased by 16%. Adjusted operating profit is expected to be in line with market expectations1. Operating cash conversion was very good and our financial position remains strong, leaving net debt of approximately £125 million at the year end.

Looking forward, we continue to plan for a modest recovery in our markets during 2010. We believe that our strategy of continuing to invest in new products and applications, together with further benefits from the restructuring actions we have taken and the contribution from acquisitions, positions us well to take advantage as our markets return to growth.

1. Source: Reuters consensus £78.7 million

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About Spectris

Spectris plc is a leading supplier of productivity-enhancing instrumentation and controls. The company's products and technologies help customers to improve product quality and performance, improve core manufacturing processes, reduce downtime and wastage and reduce time to market. Its global customer base spans a diverse range of end user markets. 

Spectris operates across four business segments which reflect the applications and industries it serves: Materials Analysis, Test and Measurement, In-line Instrumentation and Industrial Controls. Headquartered in Egham, Surrey, the company employs approximately 5,700 people, with offices in 29 countries.

For more information, visit www.spectris.com

Contacts:

Spectris plc

John O'Higgins, Chief Executive                  01784 470470

Clive Watson, Group Finance Director        01784 470470

FD

Richard Mountain                                        020 7269 7186

Copies of this announcement are available from the company's registered office at Station Road, Egham, Surrey TW20 9NP, and on the company's website at www.spectris.com.

 

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