Rotork plc (GB:ROR) has released an update.
Rotork plc reports a strong first half of 2024 with an 8.0% revenue increase year-on-year and an 11.6% rise on an organic constant currency basis, driven by robust performance in the Oil & Gas and Water & Power sectors, despite a slight downturn in Chemical, Process & Industrial orders due to reduced mining activities. The company’s adjusted operating profit surged by 17.1%, with margins improving significantly, while maintaining full year expectations steady. Furthermore, Rotork’s strategic focus on Target Segments, part of its Growth+ strategy, is credited for contributing to this growth, particularly in water infrastructure and oil & gas electrification segments.
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