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Spirax-Sarco Sales Up 14%

Monday, November 8, 2010  
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Sales growth thus far in the second half has improved from the first half year. Sales for the ten months through October 2010 were ahead 14%, including an organic sales increase of 9%, with 5% contributed equally between acquisitions and favorable currency movements.

In the Americas, organic sales growth was in line with the first half due to a stronger performance in South America offset by some weakening in North America.

Spirax-Sarco had a net cash balance of £30 million at October 31, 2010. There has been no material change in the financial position of the Group during the period. More…

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