SXS Spectris Plc

TIDMSXS

RNS Number : 4692L

Spectris PLC

13 January 2021

Spectris plc

Post-close trading update

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

13 January 2021 - Spectris plc (SXS: LSE), the expert in providing insight through precision measurement, today issues an update on trading for the twelve months ended 31 December 2020.

Trading update

Like-for-like ('LFL') sales in the fourth quarter decreased 7%, reflecting a stronger trading performance ahead of management's expectations, notably in December.

As a result, sales for the full year 2020 are expected to be GBP1,336 million, subject to audit, reflecting an

11% decline in LFL sales. With an 8% impact from disposals, primarily related to BTG, and a limited impact from foreign currency exchange movements, this leads to an expected 18% decrease in reported sales compared to the prior year.

Like-for-like sales by business

 
                       FY 2020 
---------------------  ------- 
Malvern Panalytical     (13%) 
HBK                     (9%) 
Omega                   (13%) 
Industrial Solutions    (9%) 
Total                   (11%) 
---------------------  ------- 
 

Reflecting the stronger than expected sales performance and continued overhead cost control, full year 2020 adjusted operating profit, subject to audit, is now expected to be around the top end of the consensus range of GBP150-171 million.

The Group will announce its full year results on 25 February 2021.

For and on behalf of Spectris plc

LEI Number: 213800Z4CO2CZO3M3T10

Contacts:

Spectris plc

Siobhán Andrews

Head of Corporate Affairs

+44 1784 485325

FTI Consulting

Richard Mountain/Susanne Yule

+44 203 727 1340

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 Egham, Surrey, United Kingdom, the Company employs approximately 8,500 people located in more than 30 countries. For more information, visit www.spectris.com .

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

TSTMZGMMMZRGMZZ

(END) Dow Jones Newswires

January 13, 2021 02:00 ET (07:00 GMT)

Spectris (LSE:SXS)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024

Spectris (LSE:SXS)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024