15th Jan 2009 07:00
Date: Embargoed until 7.00am, Thursday 15 January 2009
SPECTRIS PLC
2008 YEAR END TRADING UPDATE
Spectris plc, the precision instrumentation and controls company, today issues a trading update ahead of its results for the year ending 31 December 2008, due to be released on 24 February 2009.
We expect reported sales growth from continuing businesses for the full year to be approximately 19%. This includes benefits from currency of around 12%. Acquisitions contributed around 4%. Operating
margins are expected to be in the region of 15%.
Cash conversion remained strong in the second half. In line with the first half, capital investment was in excess of depreciation.
Overall, results for the year are expected to be in line with expectations.
As we enter 2009, trading visibility is more limited than normal. However, we are in a good financial and strategic position and continue to take the management actions necessary to optimise our performance in a year which, we expect, will be more challenging than 2008.
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About Spectris
Spectris plc is a leading supplier of productivity-enhancing instrumentation and controls. The company's products and technologies help customers to improve product quality and performance, improve manufacturing processes, reduce downtime and wastage and reduce time to market. Its global customer base spans a diverse range of end user markets.
Spectris operates across four business segments which reflect the applications and industries it serves: Materials Analysis, Test and Measurement, In-line Instrumentation and Industrial Controls. Headquartered in Egham, Surrey, the company employs approximately 6,000 people, with offices in 29 countries.
For more information, visit www.spectris.com
Contacts:
Spectris plc
John O'Higgins, Chief Executive 01784 470470
Clive Watson, Group Finance Director
FD
Richard Mountain 020 7269 7186
Copies of this announcement are available from the company's registered office at
Station Road, Egham, Surrey TW20 9NP, and on the company's website at www.spectris.com.
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Spectris