Spectris PLC, a leading supplier of productivity enhancing instrumentation and controls, owner of companies such as Malvern Instruments, PANalytical and NDC Infrared Engineering, has announced the publication of their annual report for 2012. The Group has reported an 11% increase in sales to £1.23 billion while the adjusted operating profit rose 14% to £228.9 million. Profit before tax increased by 13% to £217.3 million (2011: £191.6 million) and earnings per share increased by 11% from 124.1 pence to 137.5 pence. In his statement, Chairman, John Hughes said, “We are pleased with the performance and the resilience shown by the group during 2012, which proved to be a challenging year in certain markets and regions. We reported double digit growth in the group’s sales, with contributions from the 2011 acquisitions supplementing our organic growth. Profitability increased, driven mainly by new product introductions, value based pricing and better cost management through improved supply chain excellence across the group. This result was achieved notwithstanding higher investments in the development of new products and applications.” The full report can be viewed and downloaded here.
