Last checked at 21 Jun 2023 07:00
Spectris - Spectris Dynamics site visit
21 June 2023 - Spectris plc (SXS: LSE), the expert in providing insight through precision measurement, is today hosting an investor event at its Virtual Test site in Udine, Italy on Spectris Dynamics (Dynamics), one of the Group's two main business divisions.
Dynamics is a global leader in advanced virtual and physical testing, and high precision sensing solutions. It is uniquely placed, offering the broadest solution, with the ability to integrate both the physical and virtual worlds of test and measurement. Dynamics supports the world's leading automotive, machine manufacturing, aerospace, electronics and advanced research customers.
In 2022, Dynamics grew sales by 16% (7% on a LFL basis) to £492.2 million and delivered an adjusted operating margin of 15.0%. In the first quarter trading update issued on 27 April 2023, the Dynamics business reported continued sales momentum delivering 21% LFL growth in the first quarter.
During today's presentations, Andrew Heath, Chief Executive, will be joined by members of the Spectris Dynamics team led by Ben Bryson, President, to provide greater insight into the outlook and prospects for the Dynamics business.
The presentations will highlight the unique breadth of Dynamics' offering; its plans to drive continued organic growth from strong positions in attractive, high growth markets; and its focus on delivering sustainable profitable growth and further margin expansion towards the Group's operating margin target of 20% over the coming years.
No new material financial information or update on trading will be provided.
A video of the presentations and a copy of the materials to be presented will be available at www.spectris.com.
For and on behalf of Spectris plc
LEI Number: 213800Z4CO2CZO3M3T10
Contacts:
Spectris plc
Mathew Wootton
Investor Relations Director+44 7500 078 880
Teneo
Martin Robinson/Giles Kernick
+44 20 7353 4200
About Spectris
Spectris combines precision with purpose, delivering progress for a more sustainable world. We provide critical insights to our customers through premium precision measurement solutions combined with technical expertise and deep domain knowledge.
Precision is at the heart of what we do - our leading, high-tech instruments and software equip our customers to solve some of their greatest challenges to make the world cleaner, healthier and more productive.
We are focused on two key divisions - Spectris Scientific and Spectris Dynamics, which are placed in technology-driven end markets, with strong fundamentals and attractive growth trajectories. We have leading market positions in premium segments and employ 7,600 people located in more than 30 countries, all united behind our purpose to deliver value beyond measure for all our stakeholders. For more information, visit www.spectris.com.