Spirax Sarco Anticipates Stronger H2 Despite Headwinds

Spirax Sarco Engineering (GB:SPX) has released an update.

Spirax Sarco Engineering reports a challenging first half in 2024, with a slight decline in revenue but an increase in operating profit and basic earnings per share, while expecting a stronger second half. The company has seen organic growth in its Electric Thermal Solutions and Watson-Marlow businesses, despite a weak macroeconomic climate and significant currency headwinds. An interim dividend increase of 3% reflects confidence in operational improvements and future growth prospects.

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