FX head-winds getting stronger at Spirax-Sarco

Unfavourable exchange rate movements have seriously slowed the organic growth sales rate this year at Spirax-Sarco Engineering, the peristaltic pumps specialist.

Unfavourable exchange rate movements have seriously slowed the organic growth sales rate this year at Spirax-Sarco Engineering, the peristaltic pumps specialist.

The group said the organic sales growth rate for the first four months of the year was 6%, but total sales were up just 3%, largely due to unfavourable exchange rate movements which have become more pronounced in recent weeks.

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