UK's Spirax Group falls on lower profit margin, maintaining FY outlook

Spirax

14/05/2025 09:34

** Shares of valve maker Spirax Group SPX.L down about 5% at 6,270p

** Stock among top losers on FTSE 100 index .FTSE

** For first four months of the year, reports a slightly lower adj operating profit margin yoy, weighed down by customers phasing order shipment dates to later in the year

** Posts low single-digit organic growth in group revenue

** Maintains FY outlook for organic revenue growth and profit margin

** Expects exchange rates to lower FY sales by 3% and adj operating profit by 6%

** Expects to manage financial impacts of tariffs through surcharges, pricing, and limited reorganisation of manufacturing activity

** SPX down 9% YTD

 (Reporting by Nithyashree  R B)

 ((NithyashreeRB@thomsonreuters.com;))