Rotork increases its 2017 interim dividend by 5.1%

DividendMax Ltd.

Rotork increases its 2017 interim dividend by 5.1%

Summary

Improving order intake (+19.6%, OCC: +4.8%) reflects our sales initiatives and slightly more favourable market trends

Order book of £213m increased 17.8% (OCC: +16.5%) from December 2016, giving good visibility for H2

Adjusted operating margin lower due to phasing of revenue and inflationary cost increases

11% currency tailwind in H1 on revenue and profit

Strong balance sheet and ongoing cash generation at 109%

Interim dividend increased 5.1% to 2.05p

Management expectations for the full year remain unchanged

Companies mentioned