REG - Spirax Group PLC - Capital Markets Event

SpiraxAnnouncement

03/10/2024 07:00

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RNS Number : 7335G  Spirax Group PLC  03 October 2024

3 October 2024

Capital Markets Event

 

Spirax Group, a world-leading global thermal energy and fluid technology
solutions Group, is today holding a Capital Markets Event at J.P. Morgan,
Victoria Embankment, London. Participation in the event is by invitation only
for analysts and investors.

The event is primarily educational and no new material information will be
provided. A copy of the presentation will be available at www.spiraxgroup.com/
(http://www.spiraxgroup.com/) .

Our full year outlook remains unchanged from that which we set out with our
First Half Results on 8 August 2024 and is summarised below:

For the Group, we expect mid-single digit organic revenue growth for the full
year and adjusted operating profit margin to be broadly in line with the 2023
margin of approximately 20.0% (adjusted for currency headwinds).

Since our First Half Results, Sterling has strengthened compared to the main
currencies to which the Group is exposed.  If exchange rates at the end of
September were to prevail for the remainder of 2024, the headwind impact
across the full year would be approximately 1% greater on both sales and
adjusted operating profit than we had expected in August.

 

For further information, please contact:

    Mal Patel, Head of Investor Relations:    +44 (0) 1242 535234

 

Media

    Martin Robinson, Teneo:    +44 (0) 20 7260 2700

    spiraxgroup@teneo.com

 

 

 

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