Key Points
Record order intake, revenue and profit in each division
Order intake up 16.8%
Order book at a record high of £181.0m, up 15.1% from December 2011
New product launches in each division, including IQ3 in Controls
Continued investment in infrastructure and international sales channels
Soldo acquired and 2011 acquisitions integrated into business
Peter France, Chief Executive, commenting on the results, said:
"The strong results across the Group reflect the progress we have made in executing our strategy, with each division achieving record results in terms of order intake, revenue and profit.
Our expanded product portfolio and extensive international reach position us for further growth. We will continue to invest in infrastructure, product development and sales channels both organically and by acquisition to strengthen our presence in the wider flow control market.
The markets that we serve remain active and whilst we recognise that we are likely to see weakness within some regions due to economic conditions, the Board remains confident of achieving further progress in the coming year."
