Spectris PLC Strategy for Sustainable Growth and new targets (3323D)
19 Octubre 2022 - 1:00AM
UK Regulatory
TIDMSXS
RNS Number : 3323D
Spectris PLC
19 October 2022
Strategy for Sustainable Growth and new medium-term targets
19 October 2022 - Spectris plc (SXS: LSE), the expert in
providing insight through precision measurement, is today hosting a
capital markets event to outline its Strategy for Sustainable
Growth and provide new medium-term targets.
Andrew Heath, Chief Executive commented : "Since our last
capital markets day in 2019, we have transformed Spectris into a
more focused and higher quality business, well positioned in
attractive markets with structural growth drivers that are closely
aligned to our ambition to be a leading sustainable business. At
today's capital markets event, we will demonstrate our confidence
of compounding growth into the future, supported by organic
investments and M&A, while continuing to expand operating
margins. This Strategy for Sustainable Growth will deliver our new
medium-term financial targets and drive long-term value for all our
stakeholders."
Compounding growth model with new medium-term targets
-- Organic sales growth 6-7% through the cycle
-- Adjusted operating margin 20%+
-- Cashflow conversion 80-90%
-- ROGCE Mid-teens %
-- ESG Net Zero and employee engagement
Simplified reporting structure focused on two high quality
divisions with compelling growth opportunities
Our businesses are focused on premium, precision measurement
solutions, with industry-leading domain expertise, aligned with our
Purpose to make the world cleaner, healthier and more
productive.
The Group's new divisional reporting structure comprises two
main divisions, best reflecting the growth and margin expansion
potential of the Group:
-- Spectris Scientific - a leader in advanced measurement
techniques for materials analysis, comprising Malvern Panalytical
and Particle Measuring Systems; and
-- Spectris Dynamics - a leader in advanced, integrated physical
and virtual testing as well as
high precision sensing solutions, comprising HBK .
The two divisions both have significant market positions, with
growth and margin expansion opportunities underpinned by leading
product offerings and plans for investment in R&D and
M&A.
The event will be led by Chief Executive, Andrew Heath, and will
feature presentations from
Chief Financial Officer, Derek Harding, and other members of the
Spectris Executive Committee. The presentation will start at 13.30
and will be held at Landing 42, The Leadenhall Building, 122
Leadenhall Street, London EC3V 4AB. The presentation will also be
webcast online. Details of the event can be found at:
www.spectris.com/investors/capital-markets-day-2022/
A summary of the Group's 2021 results under the new divisions is
presented below:
Other
Spectris Spectris (non-reporting Group
2021 Scientific Dynamics segments) costs Total
-------------------------- ----------- --------- --------------- ------ -------
Sales (GBPm) 531.2 425.5 206.3 - 1,163.0
Adjusted operating profit
(GBPm) 112.2 70.3 26.2 (19.1) 189.6
Adjusted operating margin
(%) 21.1% 16.5% 12.7% - 16.3%
-------------------------- ----------- --------- --------------- ------ -------
Red Lion and Servomex will be reported in the 'Other' segment of
our reporting going forward.
For and on behalf of Spectris plc
LEI Number: 213800Z4CO2CZO3M3T10
Contacts:
Spectris plc
Siobhán Andrews
Head of Corporate Affairs
+44 20 4551 4549 / +44 7920 230093
Tulchan Communications
Martin Robinson
Giles Kernick
+44 20 7353 4200
About Spectris
Spectris' global group of businesses are focused on delivering
value beyond measure for all our stakeholders. We target global,
attractive and sustainable markets, where growth and high returns
are supported by long-term drivers. Precision is at the heart of
what we do. We provide customers with expert insight through our
advanced instruments and test equipment, augmented by the power of
our software and services. This equips customers with the ability
to reduce time to market, improve processes, quality and yield. In
this way, Spectris know-how creates value for our wider society, as
our customers design, develop, test and manufacture their products
to make the world a cleaner, healthier and more productive place.
Headquartered in London, United Kingdom, Spectris employs
approximately 7,350 people located in more than 30 countries. For
more information, visit www.spectris.com .
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