Spirax-Sarco Engineering (SPX) another quality UK engineer points to tough times ahead?
For the 6 months to 30th June 2015 reported revenue was flat at £320m but up 3% on a constant currency basis. Reported adjusted operating profit was £65.8m, down 2%, or flat if one strips out currency impact and adjusted earnings per share down 2% at 60.5p.
The Steam Specialities business is the largest, delivering overall revenue of £247.1m and operating profit of £48.6m (operating margin 19.7%) for…
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