Spirax-Sarco Engineering (SPX)

Sector:

Engineering

Index:

FTSE 100

7,490.00p
   
  • Change Today:
    -10.00p
  • 52 Week High: 9,400.00
  • 52 Week Low: 5,900.00
  • Currency: UK Pounds
  • Shares Issued: 73.61m
  • Volume: 131,315
  • Market Cap: £5,514m
  • RiskGrade: 124
  • Beta: 0.10

Spirax warns on strengthening pound; sees unchanged forecasts

By Frank Prenesti

Date: Tuesday 15 May 2018

LONDON (ShareCast) - (Sharecast News) - Specialist engineering firm Spirax-Sarco warned that currency tailwinds could hit full year sales and profits if sterling stayed at current levels.
In a trading update, Spirax said the pound had strengthened slightly since full year results were reported in March after two years of forex tailwinds.

It added that sales and profits could be 3% and 5% lower respectively if April's exchange rates continued for the rest of the year.

"Movements in exchange rates are often volatile and unpredictable, therefore the actual impact could be significantly different," the company said.

On current trading, Spirax said forecasts for industrial production growth rates for 2018 were similar to those seen in 2017 and our overall expectations of organic growth and trading margins were unchanged.

"Within the Steam Specialties business we have seen improved growth in the Americas, while growth has been lower in Asia Pacific and EMEA, albeit both segments had a very strong start to the year in 2017. Watson-Marlow continues to see growth in EMEA, Asia Pacific and the Americas," Spirax said.

"Provided there is no material deterioration in trading conditions the board has confidence that the group will make further progress in 2018," it added.

Email this article to a friend

or share it with one of these popular networks:


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.

 

SPX Market Data

Currency UK Pounds
Share Price 7,490.00p
Change Today -10.00p
% Change -0.13 %
52 Week High 9,400.00
52 Week Low 5,900.00
Volume 131,315
Shares Issued 73.61m
Market Cap £5,514m
Beta 0.10
RiskGrade 124

SPX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
99.32% below the market average99.32% below the market average99.32% below the market average99.32% below the market average99.32% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
53.81% above the market average53.81% above the market average53.81% above the market average53.81% above the market average53.81% above the market average
36.59% above the sector average36.59% above the sector average36.59% above the sector average36.59% above the sector average36.59% above the sector average
Income
89.58% below the market average89.58% below the market average89.58% below the market average89.58% below the market average89.58% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
77.65% above the market average77.65% above the market average77.65% above the market average77.65% above the market average77.65% above the market average
63.16% above the sector average63.16% above the sector average63.16% above the sector average63.16% above the sector average63.16% above the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 9
Sell 0
Strong Sell 3
Total 14
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

SPX Dividends

  Latest Previous
  Interim Final
Ex-Div 10-Oct-19 25-Apr-19
Paid 08-Nov-19 24-May-19
Amount 32.00p 71.00p

Trades for 21-Oct-2019

Time Volume / Share Price
16:35 43,303 @ 7,490.00p
16:29 3 @ 7,510.00p
16:29 2 @ 7,510.00p
16:29 80 @ 7,510.00p
16:29 2 @ 7,510.00p

SPX Key Personnel

CEO Nicholas John Anderson
Chair Jamie Pike

Top of Page