Spirax-Sarco Reports 2010 Financial Results
Monday, March 14, 2011
Spirax-Sarco’s sales in the Americas increased in
sterling by 20% to £125.2 million from £104.6 million in 2009. In the USA, the
rate of sales growth slowed in the second half year due to the absence of
restocking, which benefited 2009, and sales rebounded in Canada in the second
half as their markets recovered.
The Group’s largest overall profit improvement in 2010
came from the significant increase in operating profit in the Americas region,
up by 75% to £24.3 million, which compares with £13.9 million in 2009; at
constant exchange the operating profit was up 67%. More...