Rotork reports record Q1 order intake

Actuator manufacturer and flow control company Rotork has reported record order intake in the first quarter, but warned revenue growth of five per cent in the first quarter has been negatively affected by the weighting of orders scheduled for delivery in the second quarter.

Actuator manufacturer and flow control company Rotork has reported record order intake in the first quarter, but warned revenue growth of five per cent in the first quarter has been negatively affected by the weighting of orders scheduled for delivery in the second quarter.

Order intake in the three month period to March 31st soared to £150m, 14.3% ahead of the prior year, but because of the weighting of orders the company's expectations for the half year remain unchanged.

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