Spectris Interim Report 09

 
 

Highlights

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Highlights

Targeted cost reduction limits impact of lower sales on operating profit

Restructuring and acquisition integration actions on track,
benefiting performance in second half

Cash conversion of 164%

Strong balance sheet; ample financing headroom

Dividend maintained

Financial Highlights
  2009
Half year
2008
Half year
Change Change at
CER**
Key operational indicators          
Sales (£m)  371.5 358.5 +4% -13%
Adjusted operating profit (£m)*  20.0 46.4 -57% -63%
Adjusted profit before tax (£m)*  14.3 42.6 -66%
Adjusted earnings per share (pence)* 9.4 26.6 -65%
Dividend (pence)  6.4 6.4  
Statutory         
Profit before tax (£m)  8.6 39.1 -78%  
Basic earnings per share (pence)  6.5 23.5 -72%  

* Adjusted figures exclude certain non-operational items, as defined in Note 2, but include post-acquisition integration and restructuring charges of £7.0m (H1 2008: £0.2m).
** Constant exchange rates.

Spectris designs, develops and markets productivity-enhancing instrumentation and controls. Our products, applications and services help customers to improve product quality and performance, improve core manufacturing processes, reduce downtime and wastage and reduce time to market. The group comprises four business segments which reflect the applications and end user industries we serve.

Materials Analysis

Materials Analysis provides a wide range of analytical instrumentation to the metals and mining, pharmaceutical and life sciences, and semiconductor industries.

Test and Measurement

Test and Measurement supplies test, measurement and analysis equipment and software for product design optimisation and manufacturing control, principally to the aerospace, automotive and consumer electronics industries. Further applications are in environmental monitoring.

In-line Instrumentation

In-line Instrumentation provides process analytical measurement, asset monitoring and on-line controls for both primary processing and the converting industries.

Industrial Controls

Industrial Controls supplies automation and control products for the discrete manufacturing industries.