Continued strong organic growth, acquisitions performing to plan

Nicholas Anderson, Chief Executive, commenting on the results said:

“We are very pleased to report strong organic sales growth of 7% in the first half, ahead of global industrial production growth, and organic operating profit growth of 15%. We have seen strong organic sales growth in both the Steam Specialties division and Watson-Marlow, reflecting the benefits of the successful implementation of our strategy. In addition, integration of the two significant acquisitions we made in 2017, Gestra and Chromalox, is progressing to schedule and their overall performance continues to be in line with our acquisition plans. The strong first half organic sales growth was in line with our expectations, and for the second half comparisons with the prior year will be tougher. Overall, our full-year expectations remain unchanged.”

To view the 2018 Half Year Report or listen to a results audiocast, visit the Spirax-Sarco Engineering plc Results and Presentations page.

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