16 February 2016 - Spectris plc (SXS: LSE), the productivity-enhancing instrumentation and controls company, announces full year results for the twelve months ended 31 December 2015.

*The adjusted performance measures represent the statutory results excluding certain non-operational items.
**Constant exchange rates (CER).
***Constant exchange rates (CER) excluding acquisitions.

Highlights

  • - 3% sales growth at constant exchange rates, comprising a three percentage point contribution from acquisitions and unchanged like-for-like ('LFL') sales
  • - 9% decline in LFL operating profit, after inclusion of £7 million of restructuring costs to improve future profitability
  • - Good strategic progress, including completion of five acquisitions for a total consideration of £45 million
  • - Strong operating cash conversion of 91%
  • - Dividend per share increase of 6%

Commenting, John O'Higgins, Chief Executive, said: '2015 was characterised by mixed trading conditions, with growth in Europe and Asia offset by a challenging environment in North America and the Rest of the World. We are on track with the restructuring measures announced last July. The benefits of these, together with our focus on operational excellence initiatives, will enable us to better align cost growth with sales growth in 2016 whilst continuing to invest in our core R&D programmes. New product launches and acquisitions are expected to continue to play an important role in the Group's development and these investments, together with our broad end-market exposures and strong financial position, provide the Board of Spectris with confidence that the Company is well positioned for 2016 and beyond.'

Contacts:

Spectris plc
John O'Higgins, Chief Executive
Tel: +44 (0)1784 470470

Clive Watson, Group Finance Director
+44 1784 470470

Matt Jones, Head of Corporate Affairs
+44 1784 470470

FTI Consulting
Richard Mountain / Susanne Yule
+44 203 727 1374

A meeting with analysts will be held at 8:30 am GMT today. This will be available as a live webcast on the company's website at www.spectris.com, commencing at 8.30 am GMT, and a recording will be posted on the website shortly after the meeting.

Copies of this press release are available to the public from the registered office at Heritage House, Church Road, Egham, Surrey TW20 9QD, and on the company's website at www.spectris.com.

About Spectris

Spectris plc is a leading supplier of productivity-enhancing instrumentation and controls. The Company's products, technologies and services enable customers to improve product quality and performance, improve core manufacturing processes, reduce downtime and wastage and reduce time to market. Its global customer base spans a diverse range of end user markets. Spectris operates across four business segments which reflect the applications and industries it serves: Materials Analysis, Test and Measurement, In-line Instrumentation and Industrial Controls. Headquartered in Egham, Surrey, England, the Company employs around 8,300 people, with offices in more than 30 countries. For more information, visit www.spectris.com.

Spectris plc issued this content on 16 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 16 February 2016 07:06:18 UTC

Original Document: http://www.spectris.com/media/press-releases/2016/16-feb-2016