Spirax-Sarco Engineering (SPX)

Sector:

Engineering

Index:

FTSE 100

7,645.00p
   
  • Change Today:
      25.00p
  • 52 Week High: 9,400.00
  • 52 Week Low: 5,900.00
  • Currency: UK Pounds
  • Shares Issued: 73.61m
  • Volume: 90,178
  • Market Cap: £5,628m
  • RiskGrade: 121

Asia Pacific lifts Spirax-Sarco sales, profits in year to date

By Frank Prenesti

Date: Wednesday 15 May 2019

LONDON (ShareCast) - (Sharecast News) - Valve maker Spirax-Sarco Engineering said organic sales growth in the first four months of 2019 had remained similar to levels in the second half of 2018.
Operating profit on an organic basis was higher on-year, with operating margins consistent with full-year expectations, the company said on Wednesday, despite a weakening global macro-economic environment.

Growth in Asia Pacific was particularly strong, aided by large one-off projects and customer requests to pull forward sales ahead of the recent changes to value added tax in China.

In Europe, the Middle East and Africa, there was a "modest" benefit from customers stockpiling for Brexit.

"While, as normal, our short order book provides only limited visibility, the group's fundamental strengths stand us in good stead to continue to deliver growth that outperforms our markets," the company said in a statement ahead of its annual shareholder meeting.

'While organic sales growth in the first four months of the year has been strong, the lowering of forecasts for industrial production growth rates for 2019 mean that our overall expectations of organic growth and trading margins for the full-year are unchanged to those set out in our preliminary announcement in March."

"If current exchange rates were to prevail for the remainder of the year there would be no material impact of translation or transaction on sales and operating profit for the full year, compared with the full year 2018."

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

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 7,645.00p
Change Today 25.00p
% Change 0.33 %
52 Week High 9,400.00
52 Week Low 5,900.00
Volume 90,178
Shares Issued 73.61m
Market Cap £5,628m
RiskGrade 121

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
61.10% above the market average61.10% above the market average61.10% above the market average61.10% above the market average61.10% above the market average
51.22% above the sector average51.22% above the sector average51.22% above the sector average51.22% above the sector average51.22% above the sector average
Income
90.73% below the market average90.73% below the market average90.73% below the market average90.73% below the market average90.73% 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
77.17% above the market average77.17% above the market average77.17% above the market average77.17% above the market average77.17% 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 15-Oct-2019

Time Volume / Share Price
15:00 23 @ 7,645.00p
15:00 4 @ 7,650.00p
15:00 70 @ 7,650.00p
14:59 13 @ 7,645.00p
14:59 46 @ 7,645.00p

SPX Key Personnel

CEO Nicholas John Anderson
Chair Jamie Pike

Top of Page