Spectris announces an interim dividend of 24.1p per share

DividendMax Ltd.

Spectris announces an interim dividend of 24.1p per share

Spectris announces an interim dividend of 24.1p per share, which will be payable on 11 November 2022 to ordinary shareholders on the register at the close of business on 7 October 2022.

Other Financial Highlights:

• Continuing strong demand and growth, delivering good financial performance

  • 20% like-for-like ('LFL') order growth; record order book provides strong visibility into H2
  • 11% LFL sales growth driven by market share gains; statutory reported sales up 6%
  • Adjusted operating margin maintained at 12.7%; statutory operating margin 9.5%
  • Increased investment in R&D, up from 7.6% to 8.3% of sales
  • Confidence in high single digit organic sales growth and margin expansion for the full year

• Further simplification of the Group

  • Sale of Omega completed, £410 million headline proceeds in July, delivering significant shareholder value and further improving the quality of the Group.  
  • Increasing investment for growth; 17% increase in R&D spending; higher capex for facility expansion at PMS; higher working capital to support order book execution

• Strong balance sheet and capital allocation policy in action

  • £150 million of share buyback programme completed; remaining £150 million re-starting
  • Dividend per share increase of 5%
  • Acquisitions announced across all divisions, with capacity for further value-enhancing M&A

• Sustainability at the core of Spectris's strategy

  • Joined the UN Global Compact 
  • Well positioned in end markets, with strong fundamentals, supported by key sustainability themes

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