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Spectris plc

SXS.L

Latest Trade

2,335.00GBp

Change

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Today's Range

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52 Week Range

2,058.00

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3,072.00

As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay

Latest Developments

Spectris 2019 Profit Rises, Says China Activity In Feb. Hit By Coronavirus

Feb 20 (Reuters) - Spectris PLC <SXS.L>::FY ADJUSTED PRETAX PROFIT ROSE 2.5 PERCENT TO 247.4 MILLION STG.FY SALES 1.632 BILLION STG.FY ADJUSTED OPERATING PROFIT INCREASED 3.7%, ON A LFL BASIS, TO £258.1 MILLION.FY ADJUSTED OPERATING MARGIN OF 15.8%, A 50-BASIS POINT EXPANSION ON A LFL BASIS.ABSENT A MATERIAL IMPACT FROM CORONAVIRUS, FOR 2020, EXPECTS MARKETS TO REMAIN CHALLENGING IN FIRST HALF AND RECOVERY ONLY LATER IN THE YEAR.SAYS BOARD IS PROPOSING TO PAY A FINAL DIVIDEND OF 43.2 PENCE PER SHARE.SAYS EXPERIENCING LESS ACTIVITY IN CHINA IN FEB THAN WOULD NORMALLY BE EXPECTED, AS A RESULT OF SITUATION REGARDING CORONAVIRUS.PROPOSED £175 MILLION SPECIAL DIVIDEND.

Spectris To Divest EMS Brüel & Kjær For A$35 Mln, 10 Mln Envirosuite Shares

Jan 17 (Reuters) - Spectris PLC <SXS.L>::DIVESTMENT OF EMS BRÜEL & KJÆR.FOR ITS SHARE, CO WILL RECEIVE AUD35 MILLION CASH, LESS REPAYMENT OF EMS B&K'S DEBT FACILITY ON COMPLETION, AND 10 MILLION SHARES IN ENVIROSUITE.TOGETHER WITH MACQUARIE CORPORATE, IT HAS AGREED TO DIVEST EMS BRÜEL & KJÆR JOINT VENTURE TO ENVIROSUITE LIMITED.

Spectris Sees FY 2019 Performance In Line With Expectations

Nov 19 (Reuters) - Spectris PLC <SXS.L>::TRADING UPDATE.LIKE-FOR-LIKE SALES IN Q3 WERE FLAT AGAINST A TOUGH COMPARATOR; UP 1% YTD.PROFIT IMPROVEMENT PROGRAMME REMAINS ON TRACK TO DELIVER BENEFITS AT UPPER END OF £15-20 MILLION RANGE.SALE OF BTG EXPECTED TO COMPLETE AT BEGINNING OF DECEMBER; NEXT STEP IN EXECUTING OUR STRATEGY AND FOCUSING OUR PORTFOLIO.FULL-YEAR 2019 PERFORMANCE ANTICIPATED TO BE IN LINE WITH OUR EXPECTATIONS.REPORTED SALES IN Q3 INCREASED 4%.WHILST ACQUISITIONS, NET OF DISPOSALS, CONTRIBUTED 1% TO SALES GROWTH AND FOREIGN CURRENCY MOVEMENTS HAD A 3% POSITIVE IMPACT IN Q3.DUE TO BTG SALE, EXPECTS REDUCTION IN FULL-YEAR 2019 SALES AND ADJUSTED OPERATING PROFIT OF £13 MILLION AND £4 MILLION, RESPECTIVELY."REMAIN ON TRACK TO MEET EXPECTATIONS".EXCEPTIONAL CHARGES ASSOCIATED WITH PROFIT IMPROVEMENT PROGRAMME ARE STILL EXPECTED TO BE AROUND £45 MILLION IN 2019.2019 EXIT RUN RATE OF £30 MILLION ALSO RE-CONFIRMED.

Spectris To Sell BTG Group For Eur 319 Mln

Sept 19 (Reuters) - Spectris PLC <SXS.L>::DIVESTMENT OF BTG.AGREED WITH VOITH GMBH & CO. KGAA FOR VOITH TO ACQUIRE BTG GROUP FOR A TOTAL GROSS CASH CONSIDERATION OF EUR 319 MILLION.PROCEEDS FROM DEAL WILL BE USED TO FURTHER STRENGTHEN SPECTRIS' BALANCE SHEET.

Spectris H1 Sales Up 4% To £759.1 Mln

July 30 (Reuters) - Spectris PLC <SXS.L>::H1 ADJUSTED PRETAX PROFIT ROSE 4 PERCENT TO 77.2 MILLION STG.H1 SALES ROSE 4 PERCENT TO 759.1 MILLION STG.ADJUSTED EARNINGS PER SHARE UP 4%, DIVIDEND PER SHARE INCREASE OF 7%.BENEFITS FROM PROFIT IMPROVEMENT PROGRAMME IN 2019 NOW EXPECTED AT UPPER END OF £15-20 MILLION RANGE.2019 EXIT RUN RATE OF £30 MILLION RE-CONFIRMED.SPECTRIS - FURTHER RESTRUCTURING, LEADING TO CHARGE OF £35.1 MILLION RELATING TO IMPAIRMENT OF GOODWILL, £45.8 MILLION RELATING TO OTHER INTANGIBLES.BOARD IS PROPOSING TO PAY AN INTERIM DIVIDEND OF 21.9 PENCE PER SHARE, AN INCREASE OF 7%.STATUTORY PROFIT BEFORE TAX DECREASED FROM £96.6 MILLION IN H1 2018 TO A LOSS BEFORE TAX OF £50.1 MILLION IN H1 2019.EXPECTATIONS FOR FULL YEAR REMAIN UNCHANGED, WHILE RECOGNISING THAT CURRENT MACROECONOMIC CONDITIONS MAKE IT MORE CHALLENGING.

Spectris Says Group Like-For-Like Sales Increased By 3% For 4 Months To April 30

May 24 (Reuters) - Spectris PLC <SXS.L>::TRADING UPDATE.GROUP PERFORMANCE FOR PERIOD HAS BEEN IN LINE WITH EXPECTATIONS.GROUP LIKE-FOR-LIKE SALES INCREASED BY 3% FOR 4 MONTHS TO APRIL 30.INDUSTRIAL CONTROLS WAS IMPACTED BY US-CHINA TARIFFS AND SLOWING US INDUSTRIAL PRODUCTION.ON TRACK TO DELIVER EXPECTED £15-20 MILLION OF BENEFITS IN 2019..PERFORMANCE REMAINS CONSISTENT WITH EXPECTATIONS FOR FULL YEAR.NET DEBT AT END OF APRIL WAS £265 MILLION, A DECREASE OF £32 MILLION SINCE YEAR END."REMAINS FOCUSED ON IMPLEMENTING INITIATIVES UNDER ITS PROFIT IMPROVEMENT PROGRAMME".

Spectris Plc Says FY Adjusted Pretax Profit Up 3 Pct To 241.4 Mln Stg

Feb 19 (Reuters) - Spectris PLC <SXS.L>::FY ADJUSTED PRETAX PROFIT ROSE 3 PERCENT TO 241.4 MILLION STG.FY SALES ROSE 5 PERCENT TO 1.604 BILLION STG.FY ADJUSTED PROFIT BEFORE TAX 241.4 MILLION STG VERSUS 218.4 MILLION STG REPORTED A YEAR EARLIER.FY PROFIT BEFORE TAX 218.0 MILLION STG VERSUS 278.4 MILLION STG REPORTED A YEAR EARLIER.PROPOSING TO PAY A FINAL DIVIDEND OF 40.5 PENCE PER SHARE.EXPECT SALES GROWTH TO MODERATE IN 2019, GIVEN MORE CAUTIOUS MACROECONOMIC OUTLOOK.PROFIT IMPROVEMENT PROGRAMME IS EXPECTED TO DELIVER BENEFITS OF £15-20 MILLION DURING 2019.ANTICIPATE OPERATING PROFIT TO GROW AHEAD OF SALES DURING 2019.DO NOT EXPECT DIRECT CONSEQUENCES OF BREXIT TO HAVE A MATERIAL IMPACT TO GROUP.

Spectris Says Clive Watson To Retire From Board

Jan 15 (Reuters) - Spectris PLC <SXS.L>::ANNOUNCES THAT AFTER 12 YEARS AS GROUP FINANCE DIRECTOR, CLIVE WATSON HAS DECIDED TO RETIRE FROM BOARD.BOARD ALSO ANNOUNCES THAT IT HAS RECRUITED DEREK HARDING TO SUCCEED CLIVE.

Spectris Says Further Cost Reduction Programme Commenced

Nov 20 (Reuters) - Spectris PLC <SXS.L>::STRONG TRADING IN FOUR MONTHS WITH 8% LIKE-FOR-LIKE SALES GROWTH.FULL-YEAR 2018 PERFORMANCE ANTICIPATED TO BE IN LINE WITH OUR EXPECTATIONS.FURTHER COST REDUCTION PROGRAMME COMMENCED - MORE DISCIPLINED APPROACH TO IMPROVE OPERATING MARGINS.STRATEGIC REVIEW INITIATED - FOCUSED ON ASSET OPTIMISATION, CAPITAL ALLOCATION AND PORTFOLIO COMPOSITION.LFL SALES GREW IN ALL REGIONS DURING FOUR MONTHS WITH PARTICULARLY GOOD GROWTH IN ASIA, LED BY STRONG DEMAND IN CHINA AND JAPAN.4 MONTH PERFORMANCE AT CONCEPT LIFE SCIENCES BELOW EXPECTATIONS AND REMEDIAL ACTION IS BEING TAKEN TO IMPROVE OPERATIONAL EFFECTIVENESS.COMMENCING A COST REDUCTION PROGRAMME ACROSS GROUP TO BE MORE EFFICIENT IN DELIVERING GREATER OPERATIONAL GEARING IN 2019 AND BEYOND.

Blackrock Inc Raises Stake To 5 Pct In Spectris

Aug 2 (Reuters) - Spectris PLC <SXS.L>::BLACKROCK INC RAISES STAKE TO 5 PERCENT IN SPECTRIS PLC- FILING.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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