Spirax Sarco Engineering ( (GB:SPX) ) has provided an announcement.
Spirax Group plc reported its 2024 full-year results, highlighting a 4% organic revenue growth despite challenging global industrial production conditions. The company achieved a 7% increase in statutory operating profit and improved profit margins, driven by operational improvements and strategic investments. Spirax Group’s restructuring efforts are expected to yield significant benefits for future growth, with a focus on maintaining organic sales growth ahead of industrial production in 2025. The company’s strategic initiatives, including the Together for Growth Strategy, aim to position Spirax Group for long-term growth opportunities while simplifying operations and leveraging resources effectively.
More about Spirax Sarco Engineering
Spirax Group plc is a leading company in the industrial sector, specializing in thermal energy and fluid technology solutions. The company is committed to enabling the industrial transition to net zero through its innovative decarbonization solutions, which include electrifying boilers and other industrial heating applications. Spirax Group operates three main businesses: Steam Thermal Solutions, Electric Thermal Solutions, and Watson-Marlow Fluid Technology Solutions, providing critical solutions for industries such as food, healthcare, aviation, and semiconductor manufacturing. Headquartered in Cheltenham, UK, Spirax Group has over 30 manufacturing plants worldwide, serving over 100,000 customers in nearly 70 countries.
YTD Price Performance: 2.48%
Average Trading Volume: 200,448
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £5.17B
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