Rotork Controls Revenue Up 24.5%, Operating Profit up 32% in 2008
Wednesday, March 4, 2009
Rotork Controls is the market leader in electric valve actuation and is Rotork's largest divisional business accounting for 63.9% of Group turnover. In 2008, sales revenue advanced by 24.5% to £204.5m and operating profit increased by 32.0% to £57.5m. Demand for products remained strong and with growth spread across all sectors and geographical areas.
The acquisition of Remote Control Sweden in January was an important step for the division and has been well received by customers. Rotork Gears maintained its consistent growth trend with year on year sales up 15.3% to £36.8m and with an operating profit of £8.6m being 18.8% ahead of 2007. More…
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