Spectris PLC
10 July 2003
Date: Embargoed until 7.00am, Thursday 10 July 2003
Contact: Hans Nilsson, Chief Executive Tel: 01784 470470
Spectris plc
Richard Mountain Tel: 020 7269 7291
Financial Dynamics
SPECTRIS PLC
2003 FIRST HALF TRADING UPDATE
In accordance with normal practice, Spectris plc, the precision instrumentation
and controls company, today issues a trading update ahead of its half year
results announcement for the period ending 30 June 2003, due to be released on
Tuesday 9 September 2003.
Demand has continued in line with the May AGM statement resulting in first half
organic orders growth of 5% compared with the same period last year. However,
sales lagged orders partly as a consequence of the timing of orders received
from Asia. First half profits and earnings per share will have increased
compared with the first half of 2002, although last year's significant bias
towards the second half will remain.
The assimilation of PANalytical (acquired in September 2002) has been completed
and the company is progressing towards the targets established at the time of
the acquisition. The profitability of PANalytical has been negatively impacted
by the proportion of costs in Euros relative to sales in US dollars and Yen.
The net effect of currency movements in the period was slightly adverse for the
group as a whole.
Looking forward, we reiterate our expectations of progress for the full year as
indicated in the May AGM statement.
- 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
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