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Spirax-Sarco Announces 2011 Half Year Results

Monday, August 29, 2011  
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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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