Spirax Group Maintains Steady Year-End Outlook

Spirax Sarco Engineering (GB:SPX) has released an update.

Spirax Group PLC, a leader in thermal energy and fluid technology solutions, has conducted an exclusive Capital Markets Event at J.P. Morgan in London, focusing on education without revealing new material information. The company’s full-year forecast anticipates a mid-single digit organic revenue growth and an adjusted operating profit margin consistent with last year’s figure of around 20%, adjusted for currency fluctuations. Sterling’s recent strength is expected to create a slightly higher headwind for sales and profits than previously predicted.

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