Spectris PLC
12 July 2007
Date: Embargoed until 7.00am, Thursday 12 July 2007
Contact: John O'Higgins, Chief Executive, Spectris plc Tel: 01784 470470
Clive Watson, Group Finance Director, Spectris plc Tel: 01784 470470
Richard Mountain, Financial Dynamics Tel: 020 7269 7121
SPECTRIS PLC
2007 FIRST HALF TRADING UPDATE
Spectris plc, the precision instrumentation and controls company, issues a
trading update ahead of its half year results announcement for the period ending
30 June 2007, due to be released on 24 August 2007.
The company has continued to make good progress during the first half of 2007.
We expect sales growth from continuing businesses, on a constant currency basis,
to be approximately 7%, although reported sales growth will reflect the strength
of sterling. Profit before tax for the half year is expected to have shown
strong year-on-year growth despite the adverse effect of currency. Operating
margins will be more than 2 percentage points higher than in the corresponding
period last year for continuing businesses.
Cash conversion will remain strong. The share buy-back announced in February is
continuing, with 3.5 million shares purchased up to the end of June at a cost of
£32.5 million.
As reported, the sale of the company's Ircon business was completed on 15 June
2007, concluding the previously announced disposal programme.
Looking forward, we anticipate continued good progress in line with expectations
for the remainder of 2007.
- ENDS -
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.
This information is provided by RNS
The company news service from the London Stock Exchange
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