Business
2020 Half Year Results
2020 Half Year Results.
About this update from Spirax Group Plc.
[{"type":"text","content":"\n \n \n RNS Number : 8401V\n Spirax-Sarco Engineering PLC\n 12 August 2020\n \n \n \n \n News Release\n \n \n Wednesday 12th August 2020\n \n \n 2020 Half Year Results\n \n \n Resilient trading performance in Q2, full year expectations unchanged\n \n \n HIGHLIGHTS\n \n \n Six months ended 30th June\n \n \n \n \n \n Adjusted*\n \n \n \n \n 2020\n \n \n \n \n 2019\n \n \n \n \n Reported\n \n \n \n \n Organic⁺\n \n \n \n \n \n \n Revenue\n \n \n \n \n £569.7m\n \n \n \n \n £591.2m\n \n \n \n \n -4%\n \n \n \n \n -5%\n \n \n \n \n \n \n Adjusted operating profit* \n \n \n \n \n £119.0m\n \n \n \n \n £129.2m\n \n \n \n \n -8%\n \n \n \n \n -7%\n \n \n \n \n \n \n Adjusted operating profit margin*\n \n \n \n \n 20.9%\n \n \n \n \n 21.9%\n \n \n \n \n -100 bps\n \n \n \n \n -50 bps\n \n \n \n \n \n \n Adjusted profit before taxation* \n \n \n \n \n £114.5m\n \n \n \n \n £124.6m\n \n \n \n \n -8%\n \n \n \n \n \n \n \n \n \n \n \n \n \n Adjusted basic earnings per share*\n \n \n \n \n 111.6p\n \n \n \n \n 120.0p\n \n \n \n \n -7%\n \n \n \n \n \n \n \n \n \n \n \n \n \n Cash conversion**\n \n \n \n \n 86%\n \n \n \n \n 67%\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Statutory\n \n \n \n \n 2020\n \n \n \n \n 2019\n \n \n \n \n Reported\n \n \n \n \n \n \n \n \n \n \n \n \n \n Revenue \n \n \n \n \n £569.7m\n \n \n \n \n £591.2m\n \n \n \n \n -4%\n \n \n \n \n \n \n \n \n \n \n \n \n \n Operating profit \n \n \n \n \n £110.8m\n \n \n \n \n £112.7m\n \n \n \n \n -2%\n \n \n \n \n \n \n \n \n \n \n \n \n \n Operating profit margin\n \n \n \n \n 19.4%\n \n \n \n \n 19.1%\n \n \n \n \n +30 bps\n \n \n \n \n \n \n \n \n \n \n \n \n \n Profit before taxation \n \n \n \n \n £106.3m\n \n \n \n \n £108.1m\n \n \n \n \n -2%\n \n \n \n \n \n \n \n \n \n \n \n \n \n Basic earnings per share\n \n \n \n \n 104.2p\n \n \n \n \n 102.4p\n \n \n \n \n +2%\n \n \n \n \n \n \n \n \n \n \n \n \n \n Dividend per share\n \n \n \n \n 33.5p\n \n \n \n \n 32.0p\n \n \n \n \n +5%\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n •\n \n \n Reported revenue down 4%, down 5% organically; industrial production down 8% \n \n \n \n \n •\n \n \n Adjusted operating profit margin of 20.9%\n \n \n \n \n •\n \n \n Good organic ...