3rd Oct 2024 11:19
Spirax Group PLC - Cheltenham, England-based thermal energy and fluid technology - Hosts a capital markets event in London on Thursday, saying its full-year outlook remains unchanged from guidance provided with its interim results in August. Spirax still expects mid-single digit organic revenue growth for 2024. It expects its adjusted operating profit margin to be broadly in line with the 2023 margin of approximately 20.0%. This is subject to current movements, and Spirax notes the pound has strengthened since August. This means a 1% stronger headwind on both sales and adjusted operating profit than previously expected.
Current stock price: 7,440.00 pence, down 1.3% in London on Thursday
12-month change: down 20%
By Tom Waite, Alliance News editor
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