FTSE-100 engineering company Spirax-Sarco has maintained its full-year guidance amid what it described as a “weakening macro-economic climate”.
In a trading update for the four months ending October 31, the Cheltenham-headquartered firm reported “strong” growth in sales, and said it expected group full-year adjusted operating profit, excluding contributions from the recent acquisitions, remained on track.
The company told investors on Thursday (November 17) that revenues in the second half of the year were trending “slightly above” the typical 52% of full-year revenues.
