Orders are flowing in at valve engineering group Rotork, which has had a record quarter for order intake, as the group continued the strong performance seen at the end of 2011.
Revenue in the first quarter was up 26% (or 18% on an organic constant currency basis) ahead of the prior year. The order book now stands at £169m, 7.2% higher than at the year end. The visibility of upcoming projects remains good and all regions have shown order intake at higher levels than last year.
More to follow ...
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