Spectris plc (SXS: LSE) is a UK holding company that listed on the London Stock Exchange in 1988. Today they own several companies in the laboratory technologies space including; Malvern Instruments, Particle Measuring Systems, PANalytical, Servomex and NDC Technologies.
Spectris reported revenues for 2015 that are flat on a like for like basis, compared with 2014. Operating profit saw a 9% decline but this included a £7 million consideration for restructuring costs and further restructuring is expected in the current financial year “to improve future profitability.”
Commenting, John O’Higgins, Chief Executive, said: “2015 was characterised by mixed trading conditions, with growth in Europe and Asia offset by a challenging environment in North America and the Rest of the World. We are on track with the restructuring measures announced last July. The benefits of these, together with our focus on operational excellence initiatives, will enable us to better align cost growth with sales growth in 2016 whilst continuing to invest in our core R&D programmes. New product launches and acquisitions are expected to continue to play an important role in the Group’s development and these investments, together with our broad end-market exposures and strong financial position, provide the Board of Spectris with confidence that the Company is well positioned for 2016 and beyond.”