Spectris (GB:SXS) has released an update.
Spectris PLC has experienced disruptions from a new ERP system implementation, causing a shift of £15 million in sales and £10 million in operating profit to the second half of the year, with no expected full-year impact. Additionally, weakened demand in China and reduced battery development have led to lower sales and operating profits in Malvern Panalytical. Despite these setbacks, overall trading aligns with expectations, although the company predicts the full-year adjusted operating profit to be at or just below the lower end of market forecasts.
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