Spectris (SXS)

Sector:

Electronic and Electrical Equipment

Index:

FTSE 250

4,010.00p
   
  • Change Today:
    105.00p
  • 52 Week High: 4,041.00
  • 52 Week Low: 2,380.00
  • Currency: UK Pounds
  • Shares Issued: 111.86m
  • Volume: 378,615
  • Market Cap: £4,485.52m
  • RiskGrade: 107

Spectris' LFL sales decline improves in Q3

By Iain Gilbert

Date: Thursday 22 Oct 2020

LONDON (ShareCast) - (Sharecast News) - Instrumentation group Spectris said on Thursday that it had seen "positive momentum" in a number of end markets during the three months ended 30 September.
Spectris' like-for-like sales decline improved in the third quarter, down 9% versus 18% in the second quarter, bringing year-to-date like-for-like sales to 88% of the figure recorded for the first nine months of the prior year.

Group sales in the period were 11% ahead of the previous three months, while orders in the period were 8% lower on a like-for-like basis.

Reported sales decreased 20% in the period and came to £928.4m year-to-date, a 21% year-on-year decline.

Spectris also highlighted that it was on track to deliver £50.0m of overhead costs savings in 2020, of which £20.0m was said to be permanent, and added that its balance sheet and liquidity position had been strengthened, with net cash of £60.2m after paying an additional interim dividend of £50.2m.

Chief executive Andrew Heath said: "Our cash generation continues to be a strength and our balance sheet remains robust. As we implement the restructuring, we will emerge from this crisis a stronger and even more resilient business."

As of 0815 BST, Spectris shares were down 1.28% at 2,632.0p.

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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 4,010.00p
Change Today 105.00p
% Change 2.69 %
52 Week High 4,041.00
52 Week Low 2,380.00
Volume 378,615
Shares Issued 111.86m
Market Cap £4,485.52m
RiskGrade 107

Spectris Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
50.63% below the market average50.63% below the market average50.63% below the market average50.63% below the market average50.63% 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
71.08% above the market average71.08% above the market average71.08% above the market average71.08% above the market average71.08% 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
50.93% below the market average50.93% below the market average50.93% below the market average50.93% below the market average50.93% 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% below the market average50% below the market average50% below the market average50% below the market average50% 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 21-Sep-2021

Time Volume / Share Price
16:35 119,726 @ 4,010.00p
16:29 10 @ 4,005.00p
16:29 24 @ 4,005.00p
16:29 60 @ 4,005.00p
16:29 45 @ 4,009.00p

Spectris Key Personnel

CEO Andrew Heath
CFO Derek Harding

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