Business
2021 Half Year Results
2021 Half Year Results.
About this update from Spirax Group Plc.
[{"type":"text","content":"\n \n \n \n RNS Number : 2210I\n Spirax-Sarco Engineering PLC\n 11 August 2021\n \n \n \n \n News Release\n \n \n Wednesday 11th August 2021\n \n \n 2021 Half Year Results\n \n \n Strong first half performance improves full year outlook \n \n \n HIGHLIGHTS\n \n \n \n \n \n \n Six months ended 30th June\n \n \n \n \n \n \n Adjusted*\n \n \n \n \n 2021\n \n \n \n \n 2020\n \n \n \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 £643.7m\n \n \n \n \n £569.7m\n \n \n \n \n \n \n \n +13%\n \n \n \n \n +17\n %\n \n \n \n \n \n \n Adjusted operating profit* \n \n \n \n \n £162.9m\n \n \n \n \n £119.0m\n \n \n \n \n \n \n \n +37%\n \n \n \n \n +\n 42%\n \n \n \n \n \n \n Adjusted operating profit margin*\n \n \n \n \n 25.3%\n \n \n \n \n 20.9%\n \n \n \n \n \n \n \n +440 bps\n \n \n \n \n +\n 440 bps\n \n \n \n \n \n \n Adjusted profit before taxation* \n \n \n \n \n £159.3m\n \n \n \n \n £114.5m\n \n \n \n \n \n \n \n +39%\n \n \n \n \n \n \n \n \n \n Adjusted basic earnings per share*\n \n \n \n \n 157.6p\n \n \n \n \n 111.6p\n \n \n \n \n \n \n \n +41%\n \n \n \n \n \n \n \n \n \n Cash conversion\n \n \n \n \n 85%\n \n \n \n \n 86%\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 2021\n \n \n \n \n 2020\n \n \n \n \n Reported\n \n \n \n \n \n \n Revenue\n \n \n \n \n £643.7m\n \n \n \n \n £569.7m\n \n \n \n \n +13%\n \n \n \n \n \n \n Operating profit \n \n \n \n \n £153.6m\n \n \n \n \n £110.8m\n \n \n \n \n +39%\n \n \n \n \n \n \n Operating profit margin\n \n \n \n \n 23.9%\n \n \n \n \n 19.4%\n \n \n \n \n +450 bps\n \n \n \n \n \n \n Profit before taxation \n \n \n \n \n £150.0m\n \n \n \n \n £106.3m\n \n \n \n \n +41%\n \n \n \n \n \n \n Basic earnings per share\n \n \n \n \n 147.6p\n \n \n \n \n 104.2p\n \n \n \n \n +42%\n \n \n \n \n \n \n Dividend per share\n \n \n \n \n 38.5p\n \n \n \n \n 33.5p\n \n \n \n \n +15%\n \n \n \n \n \n \n \n \n \n \n \n ●\n \n \n \n Revenue growth of 13%, organic revenue growth of 17%\n \n \n \n \n \n ●\n \n \n \n Adjusted operating profit growth of 37%, organic profit growth 42%; up 39% on a statutory basis\n \n \n \n \n \n ●\n \n \n \n Adjusted operating margin of 25.3%, up 440 bps organically; up 450 bps on a statutory basis\n \n ...