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

Half Year 2023 Spectris PLC Earnings Call Transcript

Jul 31, 2023 / 07:30AM GMT
Release Date Price: £35.11 (+0.09%)
Operator

Good morning, everyone, and welcome to today's conference call titled Spectris 2023 Half Year Results. My name is Helen, and I'll be coordinating the call for today. At the end of today's presentation, there'll be an opportunity to ask a question. (Operator Instructions)

I would now like to turn the call over to Andrew Heath, CEO to begin.

Andrew Heath
Spectris plc - CEO & Executive Director

Good morning, and welcome to our Interim Results for 2023. Let me start by saying how delighted I am by our very strong first half results. Derek will take you through the details in a moment, but I'd just first like to emphasize that we delivered exceptional organic growth, continuing the momentum from last year. Operating profit is up 41%. And with our strong top line growth and focus on operational excellence, we delivered very strong margin improvement and a record operating profit. We remain a highly cash-generative business, further strengthening our already strong balance sheet and providing the Group with continued flexibility.

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