Highlights
• Like-for-like (LFL) sales growth of 2%, with improved growth in the second half
• Good performance from Test and Measurement, In-line Instrumentation and Industrial Controls, with combined LFL sales growth of 4%
• Materials Analysis LFL sales declined 3% due to weak demand in the metals, minerals and mining industries
• Six acquisitions completed in 2014
• Continued strong operating cash conversion of 89%
• Dividend up by 9%
Commenting on the outlook, John O'Higgins, Chief Executive, said: "Trading in 2014 was principally driven by a strong North American performance, partly offset by more challenging conditions in the Eurozone and China. Assuming a similar macroeconomic environment in 2015, we expect to deliver progress as we benefit from our investment in new products and from the acquisitions made during 2014 and the early part of 2015. These investments, together with our broad end-market exposure and strong financial position, provide the Board of Spectris with confidence that the Company is well-positioned for 2015 and beyond."
