Spirax Sarco Maintains Positive Outlook for 2024

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

Spirax-Sarco Engineering PLC reports stable demand and slight organic sales growth in early 2024, despite a challenging economic environment with reduced industrial production in key markets. The company maintains its full-year guidance with expectations of mid to high-single-digit organic revenue growth and a modest increase in adjusted operating profit margin. Shareholders are also looking at a 4% increase in the final dividend, showcasing confidence in the company’s financial resilience.

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