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Spirax-Sarco Engineering plc announces 2016 Full Year Results

Delivering a strong performance in challenging markets

Nick-Anderson.jpgNicholas Anderson, Chief Executive, commenting on the results said:
“I am very pleased with the results delivered in 2016, which again demonstrate the robustness of our strategy and strong direct sales business model.  We achieved good organic growth and expanded our margin to a record high, against a backdrop of very low global industrial production growth that improved in the latter part of the year.  We increased investment in 2016 and, during 2017, will prioritise accelerating revenue and capital investments for growth over further margin expansion, to ensure we continue outperforming our markets by delivering organic sales growth.Assuming no significant deterioration in trading conditions, the Board expects to make further progress in 2017.”
Read the 2016 Full Year Results and listen to an audiocast on the Spirax Sarco Engineering Results and Presentation page.