Spectris increases its 2016 interim dividend by 4%

DividendMax Ltd.

Spectris increases its 2016 interim dividend by 4%

Highlights

Reported sales growth of 3%, with acquisitions contributing 2%, foreign currency exchange movements benefitting growth by 5% and like-for-like ('LFL') sales declining by 3%

Stable adjusted operating profit margin, reflecting good overhead cost control

Now expect to generate annualised restructuring benefits of around £10 million in 2016

Three acquisitions completed in H1, with two additional ones completed in July; complementary to the Group's strategy to provide a combination of hardware, software and services

Robust adjusted operating cash conversion of 134%

Dividend per share increased by 4%

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