Spectris (SXS)

Sector:

Electronic and Electrical Equipment

Index:

FTSE 250

4,047.00p
   
  • Change Today:
    -36.00p
  • 52 Week High: 4,094.00
  • 52 Week Low: 2,380.00
  • Currency: UK Pounds
  • Shares Issued: 111.60m
  • Volume: 307,729
  • Market Cap: £4,516.32m
  • RiskGrade: 107

Spectris scraps guidance, sees decline in Q1 sales

By Iain Gilbert

Date: Monday 06 Apr 2020

LONDON (ShareCast) - (Sharecast News) - Instrumentation and controls supplier Spectris pulled its guidance for 2020 and implemented pay cuts as it felt the impact of the Covid-19 crisis on orders and sales.
During March, the FTSE 250-listed group also saw a deterioration in orders, most notably in Europe and North America as Covid-19 related lockdowns started. As a result, Spectris now expects like-for-like sales in the first quarter to be 10% lower year-on-year.

In terms of recent trading, Spectris said it had started the year broadly in line with expectations, except in China - where like-for-like sales were "notably lower" in February.

In order to combat the fall in sales, Spectris said a headcount freeze had been implemented, along with the halting of planned inflation-related salary increases across the group and a reduction in discretionary spending and capex.

Spectris also noted that its Chinese factories had now returned to full operation but said manufacturing facilities elsewhere were working below full capacity as a number of employees self-isolated at home.

As of 0900 BST, Spectris shares were down 0.57% at 2,283p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Spectris Market Data

Currency UK Pounds
Share Price 4,047.00p
Change Today -36.00p
% Change -0.88 %
52 Week High 4,094.00
52 Week Low 2,380.00
Volume 307,729
Shares Issued 111.60m
Market Cap £4,516.32m
RiskGrade 107

Spectris Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
53.02% below the market average53.02% below the market average53.02% below the market average53.02% below the market average53.02% below the market average
65.71% above the sector average65.71% above the sector average65.71% above the sector average65.71% above the sector average65.71% above the sector average
Price Trend
74.39% above the market average74.39% above the market average74.39% above the market average74.39% above the market average74.39% above the market average
18.92% above the sector average18.92% above the sector average18.92% above the sector average18.92% above the sector average18.92% above the sector average
Income
55.35% below the market average55.35% below the market average55.35% below the market average55.35% below the market average55.35% below the market average
22.22% above the sector average22.22% above the sector average22.22% above the sector average22.22% above the sector average22.22% above the sector average
Growth
50.39% below the market average50.39% below the market average50.39% below the market average50.39% below the market average50.39% below the market average
70.59% below the sector average70.59% below the sector average70.59% below the sector average70.59% below the sector average70.59% below the sector average

What The Brokers Say

Strong Buy 4
Buy 3
Neutral 4
Sell 0
Strong Sell 2
Total 13
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Spectris Dividends

  Latest Previous
  Interim Final
Ex-Div 07-Oct-21 13-May-21
Paid 12-Nov-21 30-Jun-21
Amount 23.00p 46.50p

Trades for 24-Sep-2021

Time Volume / Share Price
16:35 94,723 @ 4,047.00p
16:29 1 @ 4,055.00p
16:29 4 @ 4,055.00p
16:29 1 @ 4,055.00p
16:29 50 @ 4,055.00p

Spectris Key Personnel

CEO Andrew Heath
CFO Derek Harding

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