SPECTRIS PLC (SXS)

SPECTRIS PLC (SXS)

AGM Reports

Spectris (SXS) AGM Report 2013 – after disappointing news

On Friday Spectris Plc (SXS) issued an Interim Management Statement, which was unfortunate timing in some regards as their AGM took place later the same day. The statement reported that sales had fallen by 8% in the first quarter (excluding the impact of the sale of the Fusion UV operation). Weakness was reported across all regions and segments. But the “opportunity pipeline remains strong” with revenue growth still anticipated during the year, “albeit at a more moderate rate than previously anticipated”. The ...
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