Spectris (SXS)

Sector:

Electronic and Electrical Equipment

Index:

FTSE 250

3,973.00p
   
  • Change Today:
      18.00p
  • 52 Week High: 4,051.00
  • 52 Week Low: 2,380.00
  • Currency: UK Pounds
  • Shares Issued: 111.97m
  • Volume: 692,186
  • Market Cap: £4,448.62m
  • RiskGrade: 107

Spectris reports better-than-expected trading in fourth quarter

By Josh White

Date: Wednesday 13 Jan 2021

LONDON (ShareCast) - (Sharecast News) - Measurement equipment company Spectris updated the market on its trading on Wednesday, reporting a 7% fall in like-for-like sales in the fourth quarter, reflecting a stronger trading performance ahead of management's expectations, notably in December.
The FTSE 250 company said that as a result, sales for 2020 were expected to be £1.34bn, subject to audit, reflecting an 11% decline in like-for-like sales.

With an 8% impact from disposals, primarily related to BTG, and a limited impact from foreign currency exchange movements, the board said that led to an expected 18% decrease in reported sales compared to the prior year.

On a segmental basis, Spectris said like-for-like sales were down 13% in its Malvern Panalytical business and 9% lower in HBK, while sales in Omega fell 13% and those in industrial solutions were off 9%.

"Reflecting the stronger than expected sales performance and continued overhead cost control, full year 2020 adjusted operating profit, subject to audit, is now expected to be around the top end of the consensus range of £150m to £171m," the Spectris board said in its statement.

Spectris said it would announce its full-year results for the 12 months indeed 31 December on 25 February.

At 0804 GMT, shares in Spectris were up 0.63% at 3,028p.

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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 3,973.00p
Change Today 18.00p
% Change 0.46 %
52 Week High 4,051.00
52 Week Low 2,380.00
Volume 692,186
Shares Issued 111.97m
Market Cap £4,448.62m
RiskGrade 107

Spectris Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
51.89% below the market average51.89% below the market average51.89% below the market average51.89% below the market average51.89% below the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Price Trend
72.04% above the market average72.04% above the market average72.04% above the market average72.04% above the market average72.04% above the market average
8.11% above the sector average8.11% above the sector average8.11% above the sector average8.11% above the sector average8.11% above the sector average
Income
53.24% below the market average53.24% below the market average53.24% below the market average53.24% below the market average53.24% below the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Growth
49.9% below the market average49.9% below the market average49.9% below the market average49.9% below the market average49.9% 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 17-Sep-2021

Time Volume / Share Price
16:59 6,379 @ 3,973.00p
16:47 6,379 @ 3,973.00p
16:40 3,533 @ 3,973.00p
16:35 425,172 @ 3,973.00p
16:29 1 @ 3,967.00p

Spectris Key Personnel

CEO Andrew Heath
CFO Derek Harding

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