Rotork First Quarter Meets Expectations
Tuesday, April 27, 2010
"The year has begun well and in line with our
expectations. The order book and current trading levels support our confidence
that the company will make progress again this year as we continue to see
increased activity in many of our end user markets and geographies.
"Order intake has picked up in the first quarter, albeit
marginally down on the record order intake achieved in the first quarter of
2009. Shipments in the quarter are as expected, down 8% on the record levels
set last year when the order book had been at an all time high. The order book
at the end of March stood at £130m which was slightly higher than the year-end
position but 10% down on the same period last year.” More…
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