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NEW REPORTING STRUCTURE - HISTORIC FINANCIALS

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RNS Number : 0577Q
Spectris PLC
16 October 2019
 

SPECTRIS PLC

NEW REPORTING STRUCTURE - Historic financials

16 October 2019 - Spectris plc ('Spectris') (LSE: SXS), the productivity-enhancing instrumentation and controls company, today issues summary historic financial information for its new reporting structure.

 

At its half year results, the Group announced that it had changed its reporting structure from 1 July 2019 and reclassified its segmental reporting. It will now disclose financial information on the three platforms, providing greater transparency on these businesses which comprise approximately 60%1 of Group revenue and operating profit. The financials for the Industrial Solutions operating companies have been consolidated and are presented as a combined division.

 

Under this new structure, the Group will report summary financials for:

 

·    Malvern Panalytical

·    HBK

·    Omega Engineering

·    Industrial Solutions division

 

Spectris is today publishing summary financial information on its website (www.spectris.com) for the full year periods ending 31 December 2017 and 2018, and for the first half periods ending 30 June 2017, 2018 and 2019, ahead of the Group's Trading Update, scheduled for 19 November 2019, which will be presented under this new structure. This restatement does not constitute new information and is provided solely for the purposes of providing insight into prior reporting periods.

 

1. Represents 60% of Group revenue and operating profit including BTG

 

For and on behalf of Spectris plc

 

LEI Number: 213800Z4CO2CZO3M3T10

 

Contacts:

Spectris plc

Siobhán Andrews, Head of Corporate Affairs                      +44 1784 485325

FTI Consulting

Richard Mountain / Susanne Yule                                          +44 203 727 1374

 

NOTES TO EDITORS

 

ABOUT SPECTRIS

Spectris plc is a leading supplier of productivity-enhancing instrumentation and controls. The Company's products, technologies and services help customers to improve product quality and performance, improve core manufacturing processes, reduce downtime and wastage and reduce time to market. Its global customer base spans a diverse range of end-user markets. Headquartered in Egham, Surrey, United Kingdom, the Company employs approximately 10,000 people located in more than 30 countries.
For more information, visit
www.spectris.com.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Spectris PLC

Price: 2657

Market: LSE
Market Cap: £3.08 billion
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