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Spirax-Sarco Reports 2010 Financial Results

Monday, March 14, 2011  
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Spirax-Sarco’s sales in the Americas increased in sterling by 20% to £125.2 million from £104.6 million in 2009. In the USA, the rate of sales growth slowed in the second half year due to the absence of restocking, which benefited 2009, and sales rebounded in Canada in the second half as their markets recovered.

The Group’s largest overall profit improvement in 2010 came from the significant increase in operating profit in the Americas region, up by 75% to £24.3 million, which compares with £13.9 million in 2009; at constant exchange the operating profit was up 67%. More...

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