Instrumentation and controls company Spectris notched up record sales and operating profit in 2011.
Sales for the full year, on a reported basis, are expected to be around 23% higher than in 2010, including a contribution from acquisitions of 7% and a positive currency effect of 1%. On a constant currency organic (like-for-like) basis, sales are expected to increase by about 15%.
"Looking ahead, the macro-economic outlook is uncertain. Our recent acquisitions bring more resilient earnings whilst providing opportunities in growth markets and the board is therefore confident that Spectris is strategically well positioned for the coming year," said John O'Higgins, Spectris's Chief Executive Officer.
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