Spectris Issue Trading Update

Spectris PLC, the holding company for businesses such as Malvern Instruments, PANalytical and Particle Measuring Systems has today announced their Trading Update for the period from July 1 to October 31 2016.

Reported revenues have increased by 18% for the 4 month period, which are attributed to group acquisitions and positive impacts of currency exchange rate movements. Like for like sales however have decreased by 4%. Across the regions, sales declined in Europe and North America and grew in Asia Pacific and Rest of the World. The Materials Analysis group was the only part of the business to deliver like for like sales growth over the period.

Commenting on trading, John O’Higgins, Chief Executive, said: “Trading conditions in the period have marginally deteriorated, particularly in North America, and our performance continues to be impacted by weak industrial demand. However, this is offset by further strategic progress on acquisitions and by the impact of foreign currency exchange movements. Accordingly, we expect the full year adjusted operating profit to be in line with current market expectations.”

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