Spirax-Sarco Announces 2011 Half Year Results
Monday, August 29, 2011
Commenting on the results, Mark Vernon, Group Chief
Executive, said: "We are pleased to report another set of record results for
the first six months of 2011, with good sales growth and improvement in the
operating profit margin to 19.9%. Our continued investments in geographic
market penetration and new product development have contributed to the good
organic sales growth of 10% in the first half of the year and to market share
gains and expansion of our addressable markets. Rates of industrial production
growth returned to more normal levels in the first half of the year, with the
pace of economic growth slowing from the rapid expansion of 2010.” More...
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