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: 79/100

Q1 2022 Spectris PLC Trading Statement Call Transcript

Apr 28, 2022 / 07:30AM GMT

Release Date Price: £29.12 (+9.15%)

Transcript

Operator

Thank you very much, and good morning, and welcome to the Spectris Q1 trading update. I'm joined by Derek Harding, our CFO, to discuss our performance in the first quarter of the year. Thanks to the continued great work of the whole Spectra scene, we given a strong trading performance to start 2022, building on the momentum from last year. The recovery in our end markets have continued, leading to a strong organic sales growth of 12% in the quarter. And this was further supported by market share gains as we focus on supporting our customers through the launch of new products and services.

Our order book continues to strengthen, with like-for-like orders growing 29% in the period, maintaining a strongly positive book-to-bill ratio we have seen for the past 20 months. Book depending on the quarter was 1.35, up from 1.16 last year. The firm order book also provides confidence in continued sales momentum, supporting our outlook and positive prospects for 2022. Our aggregate order cover now extends beyond September. We continue to see the same level of supply disruption as we saw last year as well as

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