Spectris PLC
09 January 2003
Date: Embargoed until 7.00am, Thursday 9th January 2003
Contact: Hans Nilsson, Chief Executive Tel: 01784 470470
Spectris plc
Richard Mountain Tel: 020 7269 7291
Financial Dynamics
SPECTRIS PLC YEAR END UPDATE
Spectris plc, the precision instrumentation and controls company, today issues a
year end update ahead of its results for the year ending 31st December 2002.
The preliminary results will be announced on Tuesday, 11th March 2003.
The anticipated outcome for 2002 is that profit (before tax, exceptional items
and goodwill amortisation) will be within the range of market expectations and
earnings per share will be at the higher end of expectations. Cash generation
will have been strong. As intended, the disposal of Luxtron was completed
before the year end. Net assets on completion were an estimated £1.4m.
Demand in the second half was in line with that predicted at the time of the
interim results announcement in September. Orders in the fourth quarter were
strong, following the seasonal trends experienced in prior years, resulting in
an improved order book compared with this time last year. Within our window of
visibility, we expect that underlying demand will remain steady. Trading in
2003 will be helped by a full year contribution from the recent acquisition of
PANalytical.
- ENDS -
Copies of this notice are available to the public from the registered office:
Station Road, Egham, Surrey TW20 9NP and on the company's website at
www.spectris.com
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.