Spirax-Sarco Engineering plc 2018 Full Year Results Announcement

Strong organic growth and full-year contribution from acquisitions

Commenting on the results, Nicholas Anderson, Group Chief Executive, said:

“We are very pleased to report strong organic sales growth of over 7% in 2018, ahead of global industrial production growth, and organic adjusted operating profit growth of over 12%. We have seen strong organic sales growth across all three businesses, reflecting the benefits of the successful implementation of our strategies. The integration of the Gestra and Chromalox acquisitions progressed to schedule and their overall performance continues to be in line with our expectations. In 2019 we will continue to embed our strategies that enhance our ability to self‐generate growth, in order to mitigate the effects of slowing global industrial production and increased market uncertainties. Assuming no significant deterioration in trading conditions, the Board expects to make further progress in 2019.”

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

 
 
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