Spectris PLC (LSE:SXS)

£ 32.98 0.28 (0.86%) Market Cap: 3.32 Bil Enterprise Value: 3.24 Bil PE Ratio: 23.33 PB Ratio: 2.51 GF Score: 78/100

Q1 2019 Spectris PLC Trading Statement Call Transcript

May 24, 2019 / 06:45AM GMT

Release Date Price: £25.56 (+2.57%)

Transcript

Andrew Heath

Spectris plc - CEO & Executive Director

Good morning, everybody, and welcome to the Spectris trading update. I'm delighted to be here with our new CFO, Derek Harding, to discuss our performance for the first 4 months of 2019.

As we are hosting our Capital Markets Day in a couple of weeks' time, where we're talking in more detail about the group, I expect this call to be quite short. I also respect your time because I know you all have a very busy day.

So we'll get on with it. You'll see in the statement, the first thing I want to say is that expectations remain unchanged. Our performance has been in line, and we've seen a 3% increase in like-for-like sales, despite the anticipated moderation in some of our end markets. Growth from acquisitions net of disposals contributed a further 1%. Foreign currency exchange movements increased sales by 2%, which resulted in a 6% increase in reported sales for the period.

By segment, Materials Analysis and In-line instrumentation saw a strong like-for-like sales growth, while like-for-like sales declined in Test and

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