Spirax-Sarco have announced an increase in their interim dividend of 10%, from 29.0p to 32.0p.
Other financial highlights include:
Revenue up 8% organically and at reported rates
Adjusted operating profit margin of 21.9% in line with expectations
Strong organic sales and profit growth in Steam Specialties and Watson-Marlow
Continued organic sales growth in Chromalox; addressing unsatisfactory profitability
Acquisition of Thermocoax for £135 million in May 2019
Net debt of £391.5 million, 1.3x EBITDA
