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Rotork First Quarter Meets Expectations

Tuesday, April 27, 2010  
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"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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